Filed January 25, 2021 (most recent of 3 filings on file)
Total covered: 15 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $23,107 |
Employer contribution per participant 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,739 | $95,388-78.3% | $125,401-83.5% | $77,906-73.4% |
| Participation rate | 93.0% | 78.6%+14.4pp | 82.4%+10.6pp | 73.7%+19.3pp |
| Annual return | 18.19% | 116.19%-98.0pp | 572.53%-554.3pp | 12.16%+6.0pp |
| Employer contribution / active EE | $352 | $3,666-90.4% | $4,816-92.7% | $2,846-87.6% |
| Participant deferral / active EE | $0 | $7,711-100.0% | $7,448-100.0% | $4,805-100.0% |
| Admin fee / account holder | $3 | $119-97.3% | $10,008-100.0% | $133-97.6% |