Filed November 4, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,872 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $4,320 | $42,810-89.9% | $169,452-97.5% | $55,725-92.2% |
| Participation rate | 87.6% | 64.7%+22.8pp | 77.8%+9.8pp | 70.9%+16.7pp |
| Annual return | -15.39% | -3.61%-11.8pp | 1.83%-17.2pp | 244.93%-260.3pp |
| Employer contribution / active EE | $862 | $1,402-38.5% | $4,157-79.3% | $2,078-58.5% |
| Participant deferral / active EE | $1,957 | $3,141-37.7% | $5,277-62.9% | $3,356-41.7% |
| Admin fee / account holder | $53 | $106-49.8% | $9,110-99.4% | $115-53.6% |