Filed December 6, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $133,343 |
Filed as: ALLIANT RETIREMENT CONSUTING Service code 16 · EIN 33-0785439 | Consulting | $115,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $58,251 | $95,048-38.7% | $141,200-58.7% | $82,204-29.1% |
| Participation rate | 35.5% | 73.7%-38.3pp | 82.5%-47.0pp | 73.4%-37.9pp |
| Annual return | 0.00% | 26.89%-26.9pp | 71.41%-71.4pp | 26.31%-26.3pp |
| Employer contribution / active EE | $471 | $2,921-83.9% | $4,736-90.1% | $2,707-82.6% |
| Participant deferral / active EE | $1,135 | $5,907-80.8% | $6,710-83.1% | $4,246-73.3% |
| Admin fee / account holder | $59 | $78-24.1% | $10,265-99.4% | $76-22.0% |