Filed September 23, 2024
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $102,539 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $40,000 |
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 | $30,530 | $54,237-43.7% | $90,324-66.2% | $67,582-54.8% |
| Participation rate | 91.3% | 68.6%+22.7pp | 73.3%+18.1pp | 71.3%+20.1pp |
| Annual return | 55.24% | 37.27%+18.0pp | 78.15%-22.9pp | 378.57%-323.3pp |
| Employer contribution / active EE | $1,034 | $1,846-44.0% | $2,856-63.8% | $2,148-51.8% |
| Participant deferral / active EE | $3,448 | $2,625+31.3% | $3,885-11.3% | $3,539-2.6% |
| Admin fee / account holder | $176 | $123+42.8% | $5,356-96.7% | $142+23.8% |