Filed December 9, 2022 (most recent of 6 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $23,635 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $41,043 | $54,890-25.2% | $63,244-35.1% | $59,188-30.7% |
| Participation rate | 91.8% | 75.6%+16.2pp | 71.0%+20.8pp | 69.4%+22.4pp |
| Annual return | 0.16% | 4.56%-4.4pp | -70.31%+70.5pp | 5.51%-5.3pp |
| Employer contribution / active EE | $501 | $1,831-72.6% | $2,322-78.4% | $2,098-76.1% |
| Participant deferral / active EE | $2,570 | $2,803-8.3% | $2,953-13.0% | $3,265-21.3% |
| Admin fee / account holder | $10 | $66-84.6% | $5,893-99.8% | $92-88.9% |