Filed May 25, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,562 |
Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 27 · EIN 42-1445429 | Advisory (Plan) | $6,968 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $80,036 | $57,976+38.0% | $63,005+27.0% | $62,293+28.5% |
| Participation rate | 14.9% | 75.9%-61.0pp | 74.8%-59.9pp | 69.5%-54.6pp |
| Annual return | 16.76% | 17.54%-0.8pp | 87.59%-70.8pp | 28.90%-12.1pp |
| Employer contribution / active EE | $0 | $2,415-100.0% | $2,760-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $597 | $2,956-79.8% | $3,329-82.1% | $3,169-81.2% |
| Admin fee / account holder | $289 | $276+4.8% | $3,599-92.0% | $479-39.7% |