Filed May 5, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $66,870 |
AMERICAN FUNDS2 years Filed as: THE CAPITAL GROUP INVESTMENT ADVISO Service code 27 · EIN 46-4255096 | Advisory (Plan) | $23,640 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $27,714 | $53,204-47.9% | $155,556-82.2% | $200,096-86.1% |
| Participation rate | 24.2% | 64.1%-39.9pp | 78.2%-54.0pp | 72.0%-47.8pp |
| Annual return | 12.15% | 41.02%-28.9pp | 64.84%-52.7pp | 34.26%-22.1pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $4,675-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $404 | $3,163-87.2% | $5,631-92.8% | $5,090-92.1% |
| Admin fee / account holder | $233 | $186+25.4% | $15,885-98.5% | $269-13.5% |