Filed May 1, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,877 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,725 | $56,152-41.7% | $185,823-82.4% | $73,409-55.4% |
| Participation rate | 65.3% | 67.6%-2.2pp | 78.0%-12.7pp | 72.2%-6.8pp |
| Annual return | 14.50% | 17.59%-3.1pp | 35.95%-21.5pp | 59.29%-44.8pp |
| Employer contribution / active EE | $430 | $1,532-71.9% | $4,087-89.5% | $2,234-80.7% |
| Participant deferral / active EE | $1,900 | $3,659-48.1% | $5,632-66.3% | $3,805-50.1% |
| Admin fee / account holder | $63 | $132-52.1% | $9,500-99.3% | $158-59.9% |