Filed August 9, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,675 |
Service code 49 · EIN 74-2794194 | Other Services | $8,853 |
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 | $53,044 | $44,221+20.0% | $121,220-56.2% | $56,287-5.8% |
| Participation rate | 55.4% | 61.1%-5.7pp | 71.8%-16.4pp | 69.9%-14.5pp |
| Annual return | -6.90% | -3.58%-3.3pp | 16.94%-23.8pp | -9.96%+3.1pp |
| Employer contribution / active EE | $706 | $1,480-52.3% | $4,023-82.5% | $2,111-66.6% |
| Participant deferral / active EE | $2,194 | $2,521-13.0% | $3,345-34.4% | $3,350-34.5% |
| Admin fee / account holder | $135 | $480-71.9% | $5,021-97.3% | $521-74.1% |