Filed February 4, 2010
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 5-year trajectory for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $79,830 |
Filed as: PRINCIPAL SECURITIES INC Service code 27 · EIN 42-0941553 | Advisory (Plan) | $15,594 |
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 | $5,974 | $47,385-87.4% | $56,441-89.4% | $106,408-94.4% |
| Participation rate | 9.8% | 33.2%-23.3pp | 52.5%-42.7pp | 69.9%-60.0pp |
| Annual return | 20.94% | 17.29%+3.7pp | 1704.21%-1683.3pp | 17.37%+3.6pp |
| Employer contribution / active EE | $38 | $623-93.9% | $1,039-96.3% | $3,361-98.9% |
| Participant deferral / active EE | $112 | $1,440-92.2% | $1,953-94.3% | $5,567-98.0% |
| Admin fee / account holder | $68 | $78-12.5% | $2,829-97.6% | $79-13.7% |