Filed November 14, 2022 (most recent of 2 filings on file)
Total covered: 61 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $296,748 |
Filed as: RAYMOND JAMES FIN SVCS ADVISORS Service code 27 · EIN 59-2937883 | Advisory (Plan) | $112,311 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $51,958 | $67,512-23.0% | $185,849-72.0% | $93,010-44.1% |
| Participation rate | 97.2% | 67.1%+30.1pp | 81.7%+15.5pp | 73.9%+23.3pp |
| Annual return | 16.40% | 21.04%-4.6pp | 122.10%-105.7pp | 158.70%-142.3pp |
| Employer contribution / active EE | $6 | $1,783-99.7% | $5,169-99.9% | $2,705-99.8% |
| Participant deferral / active EE | $4,746 | $3,035+56.3% | $5,569-14.8% | $4,561+4.0% |
| Admin fee / account holder | $133 | $318-58.0% | $16,244-99.2% | $152-12.0% |