Filed September 1, 2022 (most recent of 6 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $526,087 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $87,348 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,189 | $103,282-62.1% | $81,370-51.8% | $99,313-60.5% |
| Participation rate | 93.9% | 73.2%+20.7pp | 69.5%+24.4pp | 71.7%+22.2pp |
| Annual return | 13.43% | 15.11%-1.7pp | 24.85%-11.4pp | 17.67%-4.2pp |
| Employer contribution / active EE | $2,597 | $3,061-15.1% | $2,464+5.4% | $3,264-20.4% |
| Participant deferral / active EE | $3,915 | $4,549-13.9% | $3,885+0.8% | $5,346-26.8% |
| Admin fee / account holder | $70 | $78-10.3% | $5,749-98.8% | $109-35.5% |