Filed April 24, 2023 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $106,510 |
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 | $61,319 | $111,608-45.1% | $177,840-65.5% | $73,412-16.5% |
| Participation rate | 97.0% | 87.9%+9.1pp | 87.7%+9.3pp | 72.2%+24.8pp |
| Annual return | 16.70% | 18.23%-1.5pp | 48.32%-31.6pp | 59.30%-42.6pp |
| Employer contribution / active EE | $2,395 | $3,796-36.9% | $5,919-59.5% | $2,234+7.2% |
| Participant deferral / active EE | $4,095 | $6,199-33.9% | $7,714-46.9% | $3,806+7.6% |
| Admin fee / account holder | $109 | $166-34.2% | $12,431-99.1% | $158-31.0% |