Filed December 21, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $71,107 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $31,258 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $136,810 | $58,312+134.6% | $86,656+57.9% | $71,529+91.3% |
| Participation rate | 83.2% | 65.0%+18.2pp | 71.7%+11.5pp | 67.9%+15.2pp |
| Annual return | 17.56% | 24.08%-6.5pp | 593.09%-575.5pp | 28.97%-11.4pp |
| Employer contribution / active EE | $4,948 | $2,576+92.0% | $3,025+63.5% | $2,590+91.0% |
| Participant deferral / active EE | $9,904 | $3,439+187.9% | $4,439+123.1% | $4,291+130.8% |
| Admin fee / account holder | $453 | $1,057-57.2% | $5,619-91.9% | $1,588-71.5% |