Filed October 31, 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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $327,737 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $84,885 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $33,987 | $39,973-15.0% | $79,550-57.3% | $77,904-56.4% |
| Participation rate | 91.7% | 64.6%+27.1pp | 69.5%+22.2pp | 73.7%+18.0pp |
| Annual return | 24.35% | 3.42%+20.9pp | 0.16%+24.2pp | 12.21%+12.1pp |
| Employer contribution / active EE | $0 | $1,088-100.0% | $2,413-100.0% | $2,848-100.0% |
| Participant deferral / active EE | $870 | $2,774-68.6% | $3,985-78.2% | $4,806-81.9% |
| Admin fee / account holder | $85 | $113-24.8% | $6,832-98.8% | $133-36.0% |