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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,009 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $4,848 |
HUGHES, ROBERT L.1 year Filed as: HUGHES, ROBERT L Service code 49 | Other Services | $2,339 |
HUGHES, ROBERT L.3+ years Service code 49 89 MONROE CENTER ST NW · GRAND RAPIDS, MI 49503 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $47,695 | $64,909-26.5% | $82,312-42.1% | $62,293-23.4% |
| Participation rate | 50.0% | 74.9%-24.9pp | 76.9%-26.9pp | 69.5%-19.5pp |
| Annual return | 15.11% | 21.18%-6.1pp | 25.88%-10.8pp | 28.90%-13.8pp |
| Employer contribution / active EE | $275 | $1,676-83.6% | $2,428-88.7% | $2,042-86.5% |
| Participant deferral / active EE | $1,520 | $3,103-51.0% | $3,706-59.0% | $3,169-52.0% |
| Admin fee / account holder | $46 | $440-89.6% | $5,608-99.2% | $479-90.5% |