Filed January 22, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $76,224 |
Annual investment return 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,288 | $100,801-25.3% | $149,730-49.7% | $73,412+2.6% |
| Participation rate | 93.6% | 77.7%+15.9pp | 82.5%+11.2pp | 72.2%+21.5pp |
| Annual return | 11.33% | 265.34%-254.0pp | 276.70%-265.4pp | 59.30%-48.0pp |
| Employer contribution / active EE | $1,304 | $3,312-60.6% | $4,645-71.9% | $2,234-41.6% |
| Participant deferral / active EE | $4,358 | $6,404-32.0% | $6,843-36.3% | $3,806+14.5% |
| Admin fee / account holder | $114 | $181-37.1% | $9,310-98.8% | $158-27.9% |