Filed October 28, 2020 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,731,849 |
WILSHIRE ASSOCIATES INCORPORATED7+ 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,143 | $68,062+16.3% | $185,854-57.4% | $106,520-25.7% |
| Participation rate | 96.7% | 75.2%+21.5pp | 81.7%+15.0pp | 71.3%+25.4pp |
| Annual return | 15.34% | 18.20%-2.9pp | 122.12%-106.8pp | 19.28%-3.9pp |
| Employer contribution / active EE | $3,201 | $1,997+60.3% | $5,169-38.1% | $2,840+12.7% |
| Participant deferral / active EE | $5,265 | $3,990+32.0% | $5,569-5.4% | $4,948+6.4% |
| Admin fee / account holder | $48 | $53-8.7% | $16,246-99.7% | $75-35.4% |