Filed December 11, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $298,747 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $126,892 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $119,275 | $150,494-20.7% | $199,883-40.3% | $100,573+18.6% |
| Participation rate | 98.6% | 91.1%+7.5pp | 86.8%+11.8pp | 70.9%+27.7pp |
| Annual return | 15.77% | 16.14%-0.4pp | 43.81%-28.0pp | 18.89%-3.1pp |
| Employer contribution / active EE | $6,725 | $5,383+24.9% | $6,261+7.4% | $3,763+78.7% |
| Participant deferral / active EE | $10,444 | $9,302+12.3% | $9,138+14.3% | $4,921+112.2% |
| Admin fee / account holder | $205 | $162+26.3% | $17,268-98.8% | $454-54.8% |