Filed March 28, 2017 (most recent of 6 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $34,156 |
TBS AGENCY INC2+ years Service code 49 · EIN 52-1473914 | Other Services | $0 |
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).
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 | $15,842 | $37,044-57.2% | $71,796-77.9% | $57,658-72.5% |
| Participation rate | 91.9% | 61.1%+30.8pp | 69.1%+22.8pp | 70.2%+21.7pp |
| Annual return | 7.53% | 12.64%-5.1pp | 78.04%-70.5pp | 5.13%+2.4pp |
| Employer contribution / active EE | $442 | $720-38.6% | $1,924-77.0% | $1,974-77.6% |
| Participant deferral / active EE | $2,519 | $1,974+27.6% | $2,794-9.8% | $3,061-17.7% |
| Admin fee / account holder | $57 | $101-43.7% | $4,815-98.8% | $95-39.9% |