Filed May 22, 2018
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,955 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,904 | $61,172-42.9% | $185,851-81.2% | $79,389-56.0% |
| Participation rate | 26.1% | 66.6%-40.6pp | 81.7%-55.7pp | 70.7%-44.7pp |
| Annual return | 12.21% | 19.45%-7.2pp | 122.11%-109.9pp | 116.89%-104.7pp |
| Employer contribution / active EE | $460 | $2,321-80.2% | $5,168-91.1% | $2,428-81.1% |
| Participant deferral / active EE | $966 | $2,788-65.3% | $5,569-82.6% | $4,046-76.1% |
| Admin fee / account holder | $146 | $710-79.5% | $16,245-99.1% | $626-76.7% |