Filed August 9, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $14,394 |
Service code 49 · EIN 74-2794194 | Other Services | $9,708 |
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 | $75,860 | $53,774+41.1% | $134,162-43.5% | $79,852-5.0% |
| Participation rate | 56.4% | 58.8%-2.4pp | 72.2%-15.8pp | 69.6%-13.2pp |
| Annual return | 16.40% | 19.01%-2.6pp | 36.35%-19.9pp | 31.72%-15.3pp |
| Employer contribution / active EE | $516 | $1,322-61.0% | $3,705-86.1% | $2,471-79.1% |
| Participant deferral / active EE | $2,542 | $2,420+5.1% | $3,500-27.4% | $3,740-32.0% |
| Admin fee / account holder | $156 | $3,985-96.1% | $6,685-97.7% | $5,306-97.1% |