Filed May 17, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $72,548 |
MMA SECURITIES LLC2 years Service code 27 · EIN 22-3570392 | Advisory (Plan) | $21,978 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $47,508 | $44,898+5.8% | $85,187-44.2% | $199,960-76.2% |
| Participation rate | 16.1% | 45.7%-29.6pp | 67.5%-51.4pp | 72.0%-55.9pp |
| Annual return | 16.98% | 20.98%-4.0pp | 66.67%-49.7pp | 34.28%-17.3pp |
| Employer contribution / active EE | $151 | $1,367-89.0% | $2,732-94.5% | $3,036-95.0% |
| Participant deferral / active EE | $805 | $2,670-69.9% | $4,525-82.2% | $5,087-84.2% |
| Admin fee / account holder | $163 | $585-72.1% | $6,162-97.4% | $269-39.4% |