Filed August 10, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $83,044 |
UBS FINANCIAL SERVICES INC9 years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $48,945 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $67,140 | $92,090-27.1% | $106,201-36.8% | $77,671-13.6% |
| Participation rate | 77.1% | 81.0%-3.9pp | 75.3%+1.8pp | 70.6%+6.6pp |
| Annual return | 11.99% | 17.89%-5.9pp | 116.26%-104.3pp | 31.21%-19.2pp |
| Employer contribution / active EE | $935 | $3,368-72.3% | $3,170-70.5% | $2,726-65.7% |
| Participant deferral / active EE | $2,492 | $5,386-53.7% | $5,012-50.3% | $4,648-46.4% |
| Admin fee / account holder | $277 | $219+26.4% | $11,039-97.5% | $430-35.7% |