Filed April 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $11,689 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $6,685 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $15,536 | $47,977-67.6% | $154,111-89.9% | $56,287-72.4% |
| Participation rate | 90.2% | 66.2%+24.0pp | 83.0%+7.1pp | 69.9%+20.3pp |
| Annual return | -8.77% | 3.54%-12.3pp | 735.18%-744.0pp | -9.96%+1.2pp |
| Employer contribution / active EE | $557 | $2,169-74.3% | $5,298-89.5% | $2,111-73.6% |
| Participant deferral / active EE | $2,409 | $2,392+0.7% | $5,081-52.6% | $3,350-28.1% |
| Admin fee / account holder | $41 | $438-90.6% | $13,411-99.7% | $521-92.1% |