Filed July 15, 2015
Total covered: 2 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| 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 | $66,004-54.0% | $81,820-62.9% | $77,714-60.9% |
| Participation rate | 58.0% | 65.8%-7.8pp | 72.4%-14.4pp | 70.6%-12.6pp |
| Annual return | 12.74% | 26.65%-13.9pp | 777.93%-765.2pp | 31.26%-18.5pp |
| Employer contribution / active EE | $1,072 | $2,375-54.8% | $2,915-63.2% | $2,727-60.7% |
| Participant deferral / active EE | $1,363 | $3,508-61.1% | $4,323-68.5% | $4,649-70.7% |
| Admin fee / account holder | $218 | $527-58.7% | $7,391-97.1% | $433-49.7% |