Filed February 20, 2024
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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $138,085 |
Filed as: WORLD INVESTMENT ADVISORS, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $51,036 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $144,269 | $92,090+56.7% | $106,201+35.8% | $77,671+85.7% |
| Participation rate | 73.9% | 81.0%-7.1pp | 75.3%-1.4pp | 70.6%+3.3pp |
| Annual return | 16.41% | 17.89%-1.5pp | 116.26%-99.8pp | 31.21%-14.8pp |
| Employer contribution / active EE | $0 | $3,368-100.0% | $3,170-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $4,092 | $5,386-24.0% | $5,012-18.4% | $4,648-12.0% |
| Admin fee / account holder | $533 | $219+143.4% | $11,039-95.2% | $430+23.9% |