Filed November 30, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $62,640 |
Filed as: SPECTRUM INVESTMENT Service code 27 · EIN 39-1828175 | Advisory (Plan) | $39,597 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,549 | $106,236-56.2% | $112,249-58.5% | $64,819-28.2% |
| Participation rate | 46.8% | 71.7%-24.9pp | 75.1%-28.3pp | 71.5%-24.7pp |
| Annual return | -13.63% | -6.02%-7.6pp | 27.48%-41.1pp | 32.84%-46.5pp |
| Employer contribution / active EE | $1,392 | $3,166-56.0% | $3,636-61.7% | $2,507-44.5% |
| Participant deferral / active EE | $2,871 | $3,785-24.1% | $4,729-39.3% | $4,311-33.4% |
| Admin fee / account holder | $195 | $452-56.7% | $6,412-97.0% | $188+4.1% |