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 | $40 |
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 | $26,125 | $107,415-75.7% | $135,998-80.8% | $80,187-67.4% |
| Participation rate | 84.2% | 78.0%+6.1pp | 81.9%+2.2pp | 72.9%+11.2pp |
| Annual return | 33.37% | 91.99%-58.6pp | 68.37%-35.0pp | 40.40%-7.0pp |
| Employer contribution / active EE | $192 | $3,878-95.0% | $4,860-96.0% | $2,980-93.6% |
| Participant deferral / active EE | $0 | $8,189-100.0% | $7,761-100.0% | $5,016-100.0% |
| Admin fee / account holder | $0 | $127-100.0% | $10,769-100.0% | $145-100.0% |