Filed October 21, 2008
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,728 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $11,595 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,354 | $46,423-69.1% | $75,886-81.1% | $67,579-78.8% |
| Participation rate | 88.2% | 63.1%+25.1pp | 69.3%+18.9pp | 71.3%+16.9pp |
| Annual return | 19.29% | 32.29%-13.0pp | 30.76%-11.5pp | 378.56%-359.3pp |
| Employer contribution / active EE | $355 | $1,406-74.8% | $2,500-85.8% | $2,148-83.5% |
| Participant deferral / active EE | $1,530 | $2,564-40.3% | $3,603-57.5% | $3,539-56.8% |
| Admin fee / account holder | $29 | $132-77.7% | $5,418-99.5% | $142-79.4% |