Filed April 27, 2022
Total covered: 60 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $25,900 |
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 | $53,812 | $91,439-41.2% | $135,974-60.4% | $71,511-24.8% |
| Participation rate | 98.6% | 75.7%+23.0pp | 81.9%+16.7pp | 67.9%+30.7pp |
| Annual return | 25.19% | 29.90%-4.7pp | 68.30%-43.1pp | 28.86%-3.7pp |
| Employer contribution / active EE | $5,728 | $3,705+54.6% | $4,859+17.9% | $2,589+121.2% |
| Participant deferral / active EE | $8,554 | $7,093+20.6% | $7,760+10.2% | $4,291+99.4% |
| Admin fee / account holder | $110 | $1,267-91.3% | $10,767-99.0% | $1,588-93.1% |