Filed October 13, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 25-1698003 | Advisory (Plan) | $32,727 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,443 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $17,773 | $36,916-51.9% | $156,549-88.6% | $57,658-69.2% |
| Participation rate | 91.2% | 63.4%+27.7pp | 84.0%+7.2pp | 70.2%+20.9pp |
| Annual return | 8.21% | 12.38%-4.2pp | 32.23%-24.0pp | 5.13%+3.1pp |
| Employer contribution / active EE | $1,224 | $1,571-22.0% | $5,501-77.7% | $1,974-38.0% |
| Participant deferral / active EE | $0 | $1,926-100.0% | $4,871-100.0% | $3,061-100.0% |
| Admin fee / account holder | $56 | $82-31.7% | $13,027-99.6% | $95-40.4% |