Filed October 28, 2020 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,028,053 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $175,521 |
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $59,744 | $58,202+2.7% | $172,757-65.4% | $89,609-33.3% |
| Participation rate | 97.1% | 72.8%+24.2pp | 82.6%+14.4pp | 69.6%+27.5pp |
| Annual return | 23.72% | 61.59%-37.9pp | 803.06%-779.3pp | 33.65%-9.9pp |
| Employer contribution / active EE | $2,817 | $1,759+60.2% | $5,144-45.2% | $2,584+9.0% |
| Participant deferral / active EE | $4,398 | $3,335+31.9% | $5,198-15.4% | $4,222+4.2% |
| Admin fee / account holder | $60 | $53+14.1% | $13,956-99.6% | $72-16.3% |