Filed November 18, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $58,044 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $56,579 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,715 | $95,274-45.7% | $135,903-61.9% | $74,419-30.5% |
| Participation rate | 90.7% | 78.2%+12.5pp | 81.9%+8.8pp | 70.7%+20.0pp |
| Annual return | 17.33% | 32.77%-15.4pp | 68.23%-50.9pp | 34.38%-17.1pp |
| Employer contribution / active EE | $1,081 | $3,874-72.1% | $4,856-77.7% | $2,637-59.0% |
| Participant deferral / active EE | $4,296 | $7,782-44.8% | $7,758-44.6% | $4,528-5.1% |
| Admin fee / account holder | $231 | $266-13.3% | $10,762-97.9% | $348-33.7% |