Filed August 22, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $51,881 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,832 | $48,471+4.9% | $182,532-72.2% | $67,579-24.8% |
| Participation rate | 94.4% | 67.2%+27.2pp | 78.0%+16.4pp | 71.3%+23.1pp |
| Annual return | 23.21% | 31.08%-7.9pp | 148.54%-125.3pp | 378.56%-355.3pp |
| Employer contribution / active EE | $676 | $1,461-53.7% | $4,076-83.4% | $2,148-68.5% |
| Participant deferral / active EE | $3,556 | $3,324+7.0% | $5,524-35.6% | $3,539+0.5% |
| Admin fee / account holder | $181 | $151+19.6% | $8,592-97.9% | $142+27.0% |