Filed May 22, 2018
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,411 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
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 | $24,722 | $52,967-53.3% | $172,753-85.7% | $65,186-62.1% |
| Participation rate | 21.1% | 66.2%-45.1pp | 82.6%-61.5pp | 70.2%-49.1pp |
| Annual return | 25.04% | 30.12%-5.1pp | 803.00%-778.0pp | 29.39%-4.3pp |
| Employer contribution / active EE | $281 | $2,190-87.2% | $5,144-94.5% | $2,177-87.1% |
| Participant deferral / active EE | $975 | $2,471-60.5% | $5,198-81.2% | $3,514-72.2% |
| Admin fee / account holder | $229 | $472-51.5% | $13,956-98.4% | $847-73.0% |