Filed September 30, 2020 (most recent of 3 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $61,331 |
MMA SECURITIES LLC3 years Filed as: MMA SECURITIES, LLC Service code 27 · EIN 22-3570392 | Advisory (Plan) | $25,590 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $80,410 | $102,661-21.7% | $151,645-47.0% | $66,949+20.1% |
| Participation rate | 99.1% | 85.5%+13.5pp | 87.5%+11.6pp | 69.8%+29.2pp |
| Annual return | -17.11% | -10.81%-6.3pp | 3.34%-20.4pp | 1.57%-18.7pp |
| Employer contribution / active EE | $3,701 | $4,184-11.5% | $6,165-40.0% | $2,545+45.4% |
| Participant deferral / active EE | $5,746 | $6,645-13.5% | $8,363-31.3% | $4,239+35.6% |
| Admin fee / account holder | $412 | $630-34.7% | $11,614-96.5% | $594-30.6% |