Filed June 6, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,997 |
EDWARD JONES1+ years Service code 49 · EIN 43-0345811 | Other Services | $5,413 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,144 | $50,643-8.9% | $106,619-56.7% | $55,167-16.4% |
| Participation rate | 64.3% | 65.6%-1.3pp | 78.0%-13.7pp | 69.0%-4.7pp |
| Annual return | -1.42% | 7.02%-8.4pp | 9.42%-10.8pp | 169.23%-170.6pp |
| Employer contribution / active EE | $1,204 | $1,626-25.9% | $3,947-69.5% | $1,963-38.6% |
| Participant deferral / active EE | $2,148 | $2,208-2.7% | $3,930-45.4% | $3,054-29.7% |
| Admin fee / account holder | $177 | $488-63.7% | $6,418-97.2% | $504-64.9% |