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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $227,899 |
Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $116,294 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $62,982 | $50,150+25.6% | $149,723-57.9% | $80,169-21.4% |
| Participation rate | 52.2% | 64.3%-12.1pp | 78.8%-26.5pp | 72.9%-20.7pp |
| Annual return | 16.53% | 29.80%-13.3pp | 134.50%-118.0pp | 40.39%-23.9pp |
| Employer contribution / active EE | $2,090 | $1,868+11.9% | $4,821-56.6% | $2,978-29.8% |
| Participant deferral / active EE | $3,734 | $3,195+16.9% | $5,682-34.3% | $5,016-25.6% |
| Admin fee / account holder | $158 | $153+3.3% | $13,215-98.8% | $145+8.8% |