Filed December 7, 2005 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $21,482 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,066 | $105,247-10.6% | $87,100+8.0% | $77,787+20.9% |
| Participation rate | 68.6% | 85.8%-17.2pp | 76.9%-8.3pp | 73.2%-4.6pp |
| Annual return | 23.08% | 24.52%-1.4pp | 28.19%-5.1pp | 32.57%-9.5pp |
| Employer contribution / active EE | $0 | $2,895-100.0% | $2,521-100.0% | $2,504-100.0% |
| Participant deferral / active EE | $3,018 | $5,060-40.4% | $4,049-25.5% | $3,967-23.9% |
| Admin fee / account holder | $16 | $104-84.4% | $7,497-99.8% | $100-83.7% |