Filed January 12, 2015
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $48,771 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $28,619 | $34,492-17.0% | $80,004-64.2% | $55,191-48.1% |
| Participation rate | 53.7% | 62.9%-9.2pp | 73.0%-19.3pp | 69.2%-15.5pp |
| Annual return | 2.51% | 3.50%-1.0pp | 7.63%-5.1pp | 10.78%-8.3pp |
| Employer contribution / active EE | $743 | $1,043-28.7% | $2,473-69.9% | $1,899-60.8% |
| Participant deferral / active EE | $2,031 | $2,104-3.5% | $3,204-36.6% | $3,046-33.3% |
| Admin fee / account holder | $148 | $69+113.8% | $5,033-97.1% | $91+63.3% |