Filed April 26, 2024 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $510,068 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $100,000 |
BKD, LLP7+ years Filed as: BKD Service code 10 · EIN 44-0160260 | Accounting | $14,460 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,700 | $67,512+19.5% | $185,823-56.6% | $93,030-13.3% |
| Participation rate | 97.6% | 67.1%+30.5pp | 81.7%+15.9pp | 73.9%+23.7pp |
| Annual return | 14.74% | 21.04%-6.3pp | 122.05%-107.3pp | 158.70%-144.0pp |
| Employer contribution / active EE | $3,594 | $1,783+101.6% | $5,167-30.4% | $2,706+32.8% |
| Participant deferral / active EE | $5,951 | $3,035+96.1% | $5,568+6.9% | $4,562+30.4% |
| Admin fee / account holder | $183 | $318-42.3% | $16,237-98.9% | $152+20.8% |