Filed April 27, 2022
Total covered: 60 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,575 |
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 | $94,066 | $88,360+6.5% | $145,433-35.3% | $67,986+38.4% |
| Participation rate | 99.6% | 65.5%+34.1pp | 82.1%+17.4pp | 57.2%+42.4pp |
| Annual return | 37.91% | 63.15%-25.2pp | 66.58%-28.7pp | 31.67%+6.2pp |
| Employer contribution / active EE | $7,026 | $3,054+130.1% | $4,554+54.3% | $2,019+248.0% |
| Participant deferral / active EE | $10,943 | $5,932+84.5% | $7,897+38.6% | $3,358+225.9% |
| Admin fee / account holder | $172 | $3,313-94.8% | $13,129-98.7% | $3,203-94.6% |