Filed September 23, 2024
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $112,246 |
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 | $33,480 | $52,722-36.5% | $90,461-63.0% | $73,412-54.4% |
| Participation rate | 95.1% | 67.7%+27.4pp | 72.7%+22.4pp | 72.2%+23.0pp |
| Annual return | 15.32% | 20.70%-5.4pp | 1294.76%-1279.4pp | 59.30%-44.0pp |
| Employer contribution / active EE | $309 | $1,872-83.5% | $3,264-90.5% | $2,234-86.2% |
| Participant deferral / active EE | $3,698 | $2,810+31.6% | $3,964-6.7% | $3,806-2.8% |
| Admin fee / account holder | $181 | $117+54.9% | $5,617-96.8% | $158+14.7% |