Filed November 18, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 75-2870811 | Advisory (Plan) | $44,803 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,575 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $44,479 | $50,982-12.8% | $154,803-71.3% | $85,563-48.0% |
| Participation rate | 70.1% | 59.8%+10.3pp | 78.1%-7.9pp | 66.0%+4.2pp |
| Annual return | 11.32% | 30.35%-19.0pp | 58.88%-47.6pp | 31.51%-20.2pp |
| Employer contribution / active EE | $969 | $1,708-43.3% | $4,305-77.5% | $2,654-63.5% |
| Participant deferral / active EE | $2,617 | $2,474+5.8% | $5,540-52.8% | $4,375-40.2% |
| Admin fee / account holder | $45 | $846-94.7% | $14,329-99.7% | $834-94.6% |