Filed November 4, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $52,155 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $5,091 |
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).
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 | $7,539 | $48,471-84.4% | $182,540-95.9% | $67,579-88.8% |
| Participation rate | 88.1% | 67.2%+20.9pp | 78.0%+10.1pp | 71.3%+16.8pp |
| Annual return | 57.15% | 31.08%+26.1pp | 148.58%-91.4pp | 378.56%-321.4pp |
| Employer contribution / active EE | $974 | $1,461-33.4% | $4,076-76.1% | $2,148-54.7% |
| Participant deferral / active EE | $2,355 | $3,324-29.2% | $5,525-57.4% | $3,539-33.5% |
| Admin fee / account holder | $97 | $151-36.1% | $8,593-98.9% | $142-32.1% |