Filed June 18, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $438,269 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $84,869 |
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 | $33,480 | $63,259-47.1% | $178,510-81.2% | $93,223-64.1% |
| Participation rate | 93.5% | 72.1%+21.4pp | 81.9%+11.6pp | 74.9%+18.6pp |
| Annual return | 16.73% | 19.93%-3.2pp | 151.13%-134.4pp | 19.29%-2.6pp |
| Employer contribution / active EE | $392 | $1,865-79.0% | $5,011-92.2% | $2,680-85.4% |
| Participant deferral / active EE | $3,637 | $3,372+7.8% | $5,202-30.1% | $4,563-20.3% |
| Admin fee / account holder | $63 | $58+8.2% | $13,988-99.6% | $79-20.8% |