Filed December 13, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $34,525 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $1,783 |
HUGHES, ROBERT L.3+ years Service code 49 89 MONROE CENTER ST NW · GRAND RAPIDS, MI 495032900 | Other Services | $0 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $64,084 | $69,305-7.5% | $82,312-22.1% | $69,631-8.0% |
| Participation rate | 96.3% | 80.3%+16.0pp | 76.9%+19.4pp | 70.7%+25.6pp |
| Annual return | 17.72% | 21.47%-3.7pp | 25.88%-8.2pp | 27571.02%-27553.3pp |
| Employer contribution / active EE | $1,391 | $1,887-26.3% | $2,428-42.7% | $2,032-31.6% |
| Participant deferral / active EE | $4,192 | $3,568+17.5% | $3,706+13.1% | $3,224+30.0% |
| Admin fee / account holder | $122 | $97+25.5% | $5,608-97.8% | $110+10.5% |