Filed January 2, 2025 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $71,644 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $41,913 | $36,978+13.3% | $155,789-73.1% | $59,188-29.2% |
| Participation rate | 96.2% | 62.7%+33.4pp | 76.1%+20.1pp | 69.4%+26.8pp |
| Annual return | 2.29% | 5.44%-3.1pp | 71.54%-69.2pp | 5.51%-3.2pp |
| Employer contribution / active EE | $1,897 | $1,222+55.3% | $3,839-50.6% | $2,098-9.6% |
| Participant deferral / active EE | $3,855 | $2,795+38.0% | $4,798-19.6% | $3,265+18.1% |
| Admin fee / account holder | $18 | $65-73.1% | $7,477-99.8% | $92-81.0% |