Filed May 19, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,757 |
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347 | Advisory (Plan) | $9,636 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $80,390 | $69,823+15.1% | $76,902+4.5% | $74,473+7.9% |
| Participation rate | 51.6% | 70.0%-18.4pp | 69.6%-18.0pp | 70.7%-19.1pp |
| Annual return | 18.65% | 19.99%-1.3pp | 37.91%-19.3pp | 34.36%-15.7pp |
| Employer contribution / active EE | $1,402 | $2,148-34.7% | $2,534-44.7% | $2,638-46.9% |
| Participant deferral / active EE | $2,812 | $3,558-21.0% | $3,833-26.7% | $4,530-37.9% |
| Admin fee / account holder | $254 | $398-36.1% | $5,479-95.4% | $347-26.8% |