Filed July 15, 2015
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $78,397 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $22,923 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,392 | $65,960-53.9% | $81,882-62.9% | $77,762-60.9% |
| Participation rate | 58.0% | 65.8%-7.8pp | 72.4%-14.4pp | 70.6%-12.6pp |
| Annual return | 12.74% | 26.64%-13.9pp | 779.47%-766.7pp | 31.27%-18.5pp |
| Employer contribution / active EE | $1,072 | $2,375-54.8% | $2,916-63.2% | $2,728-60.7% |
| Participant deferral / active EE | $1,363 | $3,505-61.1% | $4,323-68.5% | $4,651-70.7% |
| Admin fee / account holder | $218 | $526-58.6% | $7,360-97.0% | $433-49.7% |