Filed March 22, 2018
Total covered: 10 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,003 |
Service code 49 · EIN 42-1487429 | Other Services | $7,299 |
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.
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 | $33,487 | $37,117-9.8% | $147,617-77.3% | $55,191-39.3% |
| Participation rate | 19.3% | 63.6%-44.3pp | 84.6%-65.3pp | 69.2%-49.8pp |
| Annual return | 1.28% | 3.44%-2.2pp | 61.98%-60.7pp | 10.78%-9.5pp |
| Employer contribution / active EE | $0 | $1,620-100.0% | $5,564-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $1,169 | $1,985-41.1% | $4,895-76.1% | $3,046-61.6% |
| Admin fee / account holder | $111 | $86+29.9% | $11,612-99.0% | $91+22.4% |