Filed October 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,095 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $38,535 | $50,106-23.1% | $69,779-44.8% | $57,658-33.2% |
| Participation rate | 99.5% | 70.9%+28.7pp | 71.8%+27.7pp | 70.2%+29.3pp |
| Annual return | 5.92% | 14.58%-8.7pp | 12.99%-7.1pp | 5.13%+0.8pp |
| Employer contribution / active EE | $739 | $1,739-57.5% | $2,338-68.4% | $1,974-62.6% |
| Participant deferral / active EE | $1,997 | $2,486-19.6% | $2,931-31.8% | $3,061-34.7% |
| Admin fee / account holder | $45 | $89-49.4% | $4,381-99.0% | $95-52.3% |