Filed April 11, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $720 |
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 | $0 | $28,109-100.0% | $71,086-100.0% | $56,287-100.0% |
| Participation rate | 0.0% | 40.4%-40.4pp | 54.7%-54.7pp | 69.9%-69.9pp |
| Annual return | -5.43% | -615.05%+609.6pp | 650.59%-656.0pp | -9.96%+4.5pp |
| Employer contribution / active EE | $0 | $558-100.0% | $1,088-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $796 | $1,116-28.7% | $1,874-57.5% | $3,350-76.2% |
| Admin fee / account holder | $0 | $585-100.0% | $3,082-100.0% | $521-100.0% |