Filed October 24, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $8,512 |
Service code 49 · EIN 95-3845382 | Other Services | $6,518 |
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $295 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $25,855 | $46,732-44.7% | $156,551-83.5% | $55,167-53.1% |
| Participation rate | 42.4% | 65.8%-23.4pp | 84.0%-41.7pp | 69.0%-26.6pp |
| Annual return | 4.76% | 17.72%-13.0pp | 32.23%-27.5pp | 169.23%-164.5pp |
| Employer contribution / active EE | $411 | $2,105-80.5% | $5,501-92.5% | $1,963-79.1% |
| Participant deferral / active EE | $1,434 | $2,204-34.9% | $4,871-70.6% | $3,054-53.0% |
| Admin fee / account holder | $52 | $418-87.7% | $13,028-99.6% | $504-89.8% |