Filed March 9, 2010
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.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,349 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $4,343 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,331 | $66,310+63.4% | $93,606+15.7% | $65,185+66.2% |
| Participation rate | 94.1% | 74.0%+20.1pp | 75.8%+18.2pp | 70.2%+23.9pp |
| Annual return | 17.69% | 42.58%-24.9pp | 32.76%-15.1pp | 29.38%-11.7pp |
| Employer contribution / active EE | $2,168 | $2,012+7.8% | $2,718-20.2% | $2,177-0.4% |
| Participant deferral / active EE | $5,364 | $3,342+60.5% | $4,069+31.8% | $3,514+52.7% |
| Admin fee / account holder | $393 | $6,897-94.3% | $7,888-95.0% | $847-53.6% |