Filed June 28, 2006 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,199 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $23,065 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,847 | $53,901+35.1% | $134,143-45.7% | $73,488-0.9% |
| Participation rate | 64.7% | 62.8%+1.9pp | 72.2%-7.5pp | 70.7%-6.0pp |
| Annual return | 13.91% | 15.82%-1.9pp | 36.33%-22.4pp | 28.51%-14.6pp |
| Employer contribution / active EE | $191 | $1,458-86.9% | $3,704-94.9% | $2,270-91.6% |
| Participant deferral / active EE | $2,129 | $2,739-22.3% | $3,499-39.2% | $3,740-43.1% |
| Admin fee / account holder | $291 | $581-49.9% | $6,684-95.6% | $513-43.3% |