Filed November 18, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 75-2870811 | Advisory (Plan) | $38,825 |
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,539 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $44,029 | $56,511-22.1% | $185,837-76.3% | $86,813-49.3% |
| Participation rate | 67.5% | 65.5%+1.9pp | 81.7%-14.3pp | 72.3%-4.8pp |
| Annual return | 19.22% | 118.12%-98.9pp | 122.08%-102.9pp | 97.93%-78.7pp |
| Employer contribution / active EE | $792 | $1,844-57.0% | $5,168-84.7% | $2,406-67.1% |
| Participant deferral / active EE | $2,149 | $2,554-15.9% | $5,568-61.4% | $4,131-48.0% |
| Admin fee / account holder | $32 | $150-78.5% | $16,241-99.8% | $170-81.1% |