Filed June 18, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $292,488 |
Filed as: RAYMOND JAMES Service code 27 · EIN 59-1237041 | Advisory (Plan) | $84,854 |
Employer 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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $23,659 | $48,835-51.6% | $170,435-86.1% | $177,276-86.7% |
| Participation rate | 92.1% | 72.1%+20.0pp | 83.6%+8.5pp | 74.8%+17.3pp |
| Annual return | 20.47% | 19.44%+1.0pp | 205.94%-185.5pp | 21.25%-0.8pp |
| Employer contribution / active EE | $0 | $1,798-100.0% | $5,432-100.0% | $2,479-100.0% |
| Participant deferral / active EE | $3,058 | $2,757+10.9% | $4,939-38.1% | $3,881-21.2% |
| Admin fee / account holder | $53 | $52+2.8% | $13,881-99.6% | $154-65.3% |