Filed December 19, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $142,997 |
Service code 49 · EIN 52-2114207 | Other Services | $89,787 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,866 | $86,372-89.7% | $123,894-92.8% | $65,292-86.4% |
| Participation rate | 96.0% | 76.9%+19.0pp | 81.4%+14.6pp | 72.4%+23.5pp |
| Annual return | 0.18% | 11.27%-11.1pp | 47.52%-47.3pp | 11.84%-11.7pp |
| Employer contribution / active EE | $774 | $2,838-72.7% | $4,617-83.2% | $2,302-66.4% |
| Participant deferral / active EE | $2,273 | $5,625-59.6% | $5,984-62.0% | $3,579-36.5% |
| Admin fee / account holder | $21 | $53-59.7% | $8,357-99.7% | $57-62.9% |