Filed July 15, 2015
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $35,545 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $22,904 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,158 | $52,722-71.2% | $90,440-83.2% | $73,412-79.4% |
| Participation rate | 60.8% | 67.7%-7.0pp | 72.7%-11.9pp | 72.2%-11.4pp |
| Annual return | 21.33% | 20.70%+0.6pp | 1294.38%-1273.1pp | 59.30%-38.0pp |
| Employer contribution / active EE | $685 | $1,872-63.4% | $3,263-79.0% | $2,234-69.3% |
| Participant deferral / active EE | $654 | $2,810-76.7% | $3,964-83.5% | $3,806-82.8% |
| Admin fee / account holder | $69 | $117-40.6% | $5,615-98.8% | $158-56.0% |