Filed January 27, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $43,450 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $383,116 | $110,083+248.0% | $151,639+152.7% | $68,486+459.4% |
| Participation rate | 98.9% | 84.0%+15.0pp | 87.5%+11.4pp | 67.9%+31.0pp |
| Annual return | -17.49% | -10.12%-7.4pp | 3.34%-20.8pp | -7.85%-9.6pp |
| Employer contribution / active EE | $3,742 | $4,470-16.3% | $6,165-39.3% | $2,597+44.1% |
| Participant deferral / active EE | $18,981 | $6,526+190.8% | $8,363+127.0% | $4,028+371.3% |
| Admin fee / account holder | $302 | $7,718-96.1% | $11,613-97.4% | $5,404-94.4% |