Filed December 2, 2024 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $207,591 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $47,436 | $221,442-78.6% | $92,240-48.6% | $77,958-39.2% |
| Participation rate | 59.5% | 79.6%-20.1pp | 76.5%-17.0pp | 71.6%-12.2pp |
| Annual return | -20.24% | 15.65%-35.9pp | 176.29%-196.5pp | 20.87%-41.1pp |
| Employer contribution / active EE | $4,283 | $3,226+32.8% | $3,680+16.4% | $2,310+85.4% |
| Participant deferral / active EE | $3,605 | $2,779+29.7% | $3,897-7.5% | $3,537+1.9% |
| Admin fee / account holder | $82 | $210-60.8% | $5,194-98.4% | $97-15.5% |