Filed November 9, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $63,919 |
Filed as: ING FINANCIAL PARTNERS INC (IFP) Service code 27 · EIN 41-0945505 | Advisory (Plan) | $11,716 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,699 | $52,670-77.8% | $90,404-87.1% | $73,409-84.1% |
| Participation rate | 91.4% | 67.7%+23.8pp | 72.7%+18.7pp | 72.2%+19.3pp |
| Annual return | 11.67% | 20.70%-9.0pp | 1293.02%-1281.3pp | 59.29%-47.6pp |
| Employer contribution / active EE | $406 | $1,872-78.3% | $3,262-87.5% | $2,234-81.8% |
| Participant deferral / active EE | $1,436 | $2,807-48.9% | $3,963-63.8% | $3,805-62.3% |
| Admin fee / account holder | $132 | $117+13.0% | $5,611-97.6% | $158-16.4% |