Filed November 9, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $72,741 |
Service code 27 · EIN 95-3845382 | Advisory (Plan) | $6,987 |
Filed as: ING FINANCIAL PARTNERS INC (IFP) Service code 27 · EIN 41-0945505 | Advisory (Plan) | $6,207 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,702 | $58,344-76.5% | $98,483-86.1% | $86,821-84.2% |
| Participation rate | 94.4% | 68.4%+26.0pp | 73.3%+21.0pp | 72.3%+22.1pp |
| Annual return | 14.26% | 43.47%-29.2pp | 1494.38%-1480.1pp | 97.94%-83.7pp |
| Employer contribution / active EE | $522 | $2,008-74.0% | $2,961-82.4% | $2,406-78.3% |
| Participant deferral / active EE | $1,771 | $3,156-43.9% | $4,276-58.6% | $4,132-57.1% |
| Admin fee / account holder | $151 | $138+9.5% | $5,953-97.5% | $170-11.0% |