Filed June 18, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $782,565 |
Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $85,000 |
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 | $38,597 | $68,110-43.3% | $155,556-75.2% | $99,313-61.1% |
| Participation rate | 94.9% | 67.8%+27.1pp | 78.2%+16.6pp | 71.7%+23.2pp |
| Annual return | 16.30% | 16.16%+0.1pp | 64.84%-48.5pp | 17.67%-1.4pp |
| Employer contribution / active EE | $373 | $2,291-83.7% | $4,675-92.0% | $3,264-88.6% |
| Participant deferral / active EE | $4,829 | $3,865+25.0% | $5,631-14.2% | $5,346-9.7% |
| Admin fee / account holder | $77 | $94-18.4% | $15,885-99.5% | $109-29.7% |