Filed December 3, 2024
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,163 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,709 | $46,360-92.0% | $147,617-97.5% | $52,331-92.9% |
| Participation rate | 87.9% | 64.9%+23.0pp | 84.6%+3.3pp | 68.1%+19.8pp |
| Annual return | 3.08% | 1.62%+1.5pp | 61.98%-58.9pp | 4.54%-1.5pp |
| Employer contribution / active EE | $0 | $2,126-100.0% | $5,564-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $748 | $2,258-66.9% | $4,895-84.7% | $3,022-75.2% |
| Admin fee / account holder | $41 | $766-94.7% | $11,612-99.6% | $592-93.1% |