Filed April 18, 2016
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290 650 8TH STREET · DES MOINES, IA 50392 | Contract Administrator | $10,759 |
CETERA ADVISOR NETWORKS LLC4 years Service code 49 · EIN 95-3845382 200 N. SEPULVEDA BLVD. · EL SEGUNDO, CA 902455605 | Other Services | $6,068 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,415 | $58,888-70.4% | $178,498-90.2% | $73,493-76.3% |
| Participation rate | 97.3% | 66.2%+31.1pp | 81.9%+15.4pp | 70.7%+26.7pp |
| Annual return | 11.62% | 24.86%-13.2pp | 151.09%-139.5pp | 28.51%-16.9pp |
| Employer contribution / active EE | $275 | $2,236-87.7% | $5,011-94.5% | $2,270-87.9% |
| Participant deferral / active EE | $757 | $2,568-70.5% | $5,202-85.5% | $3,740-79.8% |
| Admin fee / account holder | $85 | $400-78.7% | $13,985-99.4% | $513-83.3% |