Filed October 18, 2004
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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $96,612 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $78,007 | $110,699-29.5% | $177,821-56.1% | $90,288-13.6% |
| Participation rate | 67.9% | 88.3%-20.4pp | 87.7%-19.8pp | 73.4%-5.4pp |
| Annual return | 17.12% | 22.79%-5.7pp | 48.32%-31.2pp | 53.97%-36.8pp |
| Employer contribution / active EE | $0 | $4,118-100.0% | $5,918-100.0% | $2,524-100.0% |
| Participant deferral / active EE | $4,103 | $6,731-39.0% | $7,714-46.8% | $4,232-3.1% |
| Admin fee / account holder | $103 | $90+14.8% | $12,427-99.2% | $114-9.4% |