Filed March 26, 2021 (most recent of 2 filings on file)
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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $58,721 |
AMERICAN FUNDS1 year Filed as: ADVANCED CAPITAL GROUP Service code 28 50 SOUTH SIXTH STREET, SUITE 975 · MINNEAPOLIS, MN 55402 | Investment Management | $25,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,893 | $35,293-52.1% | $77,096-78.1% | $89,433-81.1% |
| Participation rate | 2.0% | 31.3%-29.4pp | 67.9%-65.9pp | 71.3%-69.3pp |
| Annual return | -2.71% | -5.92%+3.2pp | 42.35%-45.1pp | -11.88%+9.2pp |
| Employer contribution / active EE | $10 | $695-98.6% | $2,814-99.7% | $3,021-99.7% |
| Participant deferral / active EE | $57 | $1,764-96.8% | $4,429-98.7% | $5,125-98.9% |
| Admin fee / account holder | $55 | $105-47.5% | $5,428-99.0% | $79-30.6% |