Filed April 3, 2003
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.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,402,114 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL-RPCP COMP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $283,974 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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).
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 | $48,136 | $49,270-2.3% | $156,551-69.3% | $329,111-85.4% |
| Participation rate | 64.7% | 68.1%-3.5pp | 84.0%-19.4pp | 67.9%-3.2pp |
| Annual return | -5.70% | 23.25%-28.9pp | 32.23%-37.9pp | 16.35%-22.1pp |
| Employer contribution / active EE | $1,019 | $1,534-33.6% | $5,501-81.5% | $2,303-55.8% |
| Participant deferral / active EE | $2,542 | $2,920-13.0% | $4,871-47.8% | $3,682-31.0% |
| Admin fee / account holder | $86 | $51+69.9% | $13,028-99.3% | $754-88.6% |