Filed February 5, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,759 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,137 | $69,305-43.5% | $82,313-52.5% | $69,631-43.8% |
| Participation rate | 84.9% | 80.3%+4.7pp | 76.9%+8.0pp | 70.7%+14.2pp |
| Annual return | 19.26% | 21.47%-2.2pp | 25.88%-6.6pp | 27571.02%-27551.8pp |
| Employer contribution / active EE | $1,202 | $1,887-36.3% | $2,428-50.5% | $2,032-40.8% |
| Participant deferral / active EE | $2,972 | $3,568-16.7% | $3,706-19.8% | $3,224-7.8% |
| Admin fee / account holder | $12 | $97-87.5% | $5,608-99.8% | $110-89.0% |