Filed December 17, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $21,328 |
SECURITIES AMERICA INC3 years Filed as: SECURITIES SERVICE NETWORK INC Service code 49 · EIN 62-1152936 | Other Services | $10,259 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $15,042 | $65,223-76.9% | $80,022-81.2% | $55,725-73.0% |
| Participation rate | 87.7% | 80.6%+7.1pp | 75.8%+11.8pp | 70.9%+16.8pp |
| Annual return | 0.17% | 7.59%-7.4pp | 11.22%-11.0pp | 244.93%-244.8pp |
| Employer contribution / active EE | $417 | $2,544-83.6% | $2,468-83.1% | $2,078-80.0% |
| Participant deferral / active EE | $1,959 | $3,881-49.5% | $3,686-46.9% | $3,356-41.6% |
| Admin fee / account holder | $74 | $114-34.9% | $6,521-98.9% | $115-35.5% |