Filed April 27, 2022
Total covered: 60 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,504 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,568 | $84,493-54.4% | $125,381-69.2% | $66,938-42.4% |
| Participation rate | 98.1% | 76.4%+21.7pp | 82.4%+15.7pp | 69.8%+28.3pp |
| Annual return | 81.87% | -8.49%+90.4pp | 572.31%-490.4pp | 1.58%+80.3pp |
| Employer contribution / active EE | $5,342 | $3,554+50.3% | $4,815+10.9% | $2,545+109.9% |
| Participant deferral / active EE | $7,623 | $6,783+12.4% | $7,448+2.3% | $4,238+79.9% |
| Admin fee / account holder | $68 | $685-90.1% | $10,007-99.3% | $594-88.6% |