Filed November 17, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $193,998 |
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 | $57,029 | $90,410-36.9% | $91,004-37.3% | $77,958-26.8% |
| Participation rate | 92.1% | 86.4%+5.7pp | 75.6%+16.5pp | 71.6%+20.4pp |
| Annual return | 17.42% | 21.34%-3.9pp | 4.60%+12.8pp | 20.87%-3.4pp |
| Employer contribution / active EE | $1,745 | $3,392-48.5% | $2,456-28.9% | $2,310-24.5% |
| Participant deferral / active EE | $2,988 | $4,816-37.9% | $3,548-15.8% | $3,537-15.5% |
| Admin fee / account holder | $122 | $79+54.9% | $5,417-97.7% | $97+25.6% |