Filed November 16, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $19,022 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $78,747 | $92,224-14.6% | $76,768+2.6% | $135,381-41.8% |
| Participation rate | 66.7% | 79.8%-13.1pp | 77.0%-10.3pp | 82.6%-16.0pp |
| Annual return | -4.96% | 5.46%-10.4pp | 2.43%-7.4pp | 519.81%-524.8pp |
| Employer contribution / active EE | $10,812 | $3,216+236.2% | $2,485+335.1% | $4,779+126.2% |
| Participant deferral / active EE | $38,228 | $4,509+747.9% | $3,852+892.5% | $5,609+581.5% |
| Admin fee / account holder | $143 | $10,750-98.7% | $6,676-97.9% | $10,828-98.7% |