Filed December 5, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,560,095 |
Filed as: UBS FINANCIAL SVC INC Service code 27 · EIN 13-2638166 | Advisory (Plan) | $404,602 |
Filed as: SILICON VALLEY ACCOUNTANCY Service code 10 · EIN 77-0573994 | Accounting | $118,920 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $83,647 | $128,169-34.7% | $147,117-43.1% | $106,553-21.5% |
| Participation rate | 61.3% | 67.3%-6.0pp | 82.2%-20.9pp | 69.8%-8.5pp |
| Annual return | 27.89% | 17.88%+10.0pp | 420.54%-392.7pp | 17.37%+10.5pp |
| Employer contribution / active EE | $2,727 | $3,374-19.2% | $4,932-44.7% | $3,359-18.8% |
| Participant deferral / active EE | $6,735 | $7,665-12.1% | $8,065-16.5% | $5,562+21.1% |
| Admin fee / account holder | $109 | $88+23.7% | $12,993-99.2% | $80+36.8% |