Filed November 18, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 75-2870811 | Advisory (Plan) | $41,111 |
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,283 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,974 | $50,815-11.5% | $155,509-71.1% | $77,643-42.1% |
| Participation rate | 64.2% | 63.1%+1.1pp | 78.2%-13.9pp | 70.6%-6.3pp |
| Annual return | 24.61% | 34.80%-10.2pp | 64.67%-40.1pp | 31.24%-6.6pp |
| Employer contribution / active EE | $962 | $1,993-51.7% | $4,672-79.4% | $2,726-64.7% |
| Participant deferral / active EE | $2,659 | $2,822-5.8% | $5,626-52.7% | $4,647-42.8% |
| Admin fee / account holder | $51 | $437-88.3% | $15,912-99.7% | $430-88.1% |