Filed June 18, 2019 (most recent of 2 filings on file)
Total covered: 4,192 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $340,890 |
Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $138,057 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,658 | $53,254+27.0% | $155,574-56.5% | $199,921-66.2% |
| Participation rate | 61.1% | 64.1%-3.0pp | 78.2%-17.1pp | 72.0%-10.9pp |
| Annual return | 13.37% | 41.18%-27.8pp | 64.87%-51.5pp | 34.28%-20.9pp |
| Employer contribution / active EE | $2,736 | $1,848+48.1% | $4,676-41.5% | $3,035-9.9% |
| Participant deferral / active EE | $4,651 | $3,165+46.9% | $5,629-17.4% | $5,089-8.6% |
| Admin fee / account holder | $221 | $186+19.1% | $15,914-98.6% | $269-17.9% |