Filed February 5, 2024 (most recent of 8 filings on file)
Total covered: 60 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $591,999 |
Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666 | Recordkeeping fees; Direct payment fr... | $62,184 |
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 | $164,523 | $136,780+20.3% | $189,534-13.2% | $101,555+62.0% |
| Participation rate | 97.3% | 90.9%+6.4pp | 87.8%+9.5pp | 74.5%+22.7pp |
| Annual return | 15.01% | 37.00%-22.0pp | 555.39%-540.4pp | 21.00%-6.0pp |
| Employer contribution / active EE | $6,565 | $4,857+35.2% | $6,162+6.5% | $2,972+120.9% |
| Participant deferral / active EE | $10,058 | $7,572+32.8% | $8,220+22.4% | $4,874+106.4% |
| Admin fee / account holder | $90 | $64+40.3% | $12,049-99.3% | $139-35.5% |