Filed August 9, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,566 |
Service code 49 · EIN 74-2794194 | Other Services | $9,105 |
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).
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 | $53,239 | $63,156-15.7% | $122,354-56.5% | $62,293-14.5% |
| Participation rate | 57.5% | 60.0%-2.5pp | 71.6%-14.1pp | 69.5%-12.0pp |
| Annual return | 16.69% | 20.61%-3.9pp | 30.28%-13.6pp | 28.90%-12.2pp |
| Employer contribution / active EE | $696 | $1,385-49.7% | $4,051-82.8% | $2,042-65.9% |
| Participant deferral / active EE | $2,098 | $2,321-9.6% | $3,287-36.2% | $3,169-33.8% |
| Admin fee / account holder | $120 | $440-72.6% | $5,479-97.8% | $479-74.9% |