Filed June 28, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $145,513 |
Filed as: CAPFINANCIAL PARTNERS LL Service code 27 · EIN 26-0058143 | Advisory (Plan) | $46,316 |
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 | $36,836 | $130,052-71.7% | $86,698-57.5% | $77,906-52.7% |
| Participation rate | 94.3% | 85.9%+8.3pp | 76.6%+17.7pp | 73.7%+20.6pp |
| Annual return | 9.77% | -12.73%+22.5pp | 35.96%-26.2pp | 12.16%-2.4pp |
| Employer contribution / active EE | $2,140 | $3,214-33.4% | $2,837-24.5% | $2,846-24.8% |
| Participant deferral / active EE | $5,392 | $5,741-6.1% | $4,656+15.8% | $4,805+12.2% |
| Admin fee / account holder | $133 | $132+1.2% | $7,492-98.2% | $133+0.6% |