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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $125,580 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,356 | $45,022-45.9% | $85,126-71.4% | $77,714-68.7% |
| Participation rate | 90.8% | 48.7%+42.1pp | 67.5%+23.3pp | 70.6%+20.2pp |
| Annual return | 11.23% | 79.38%-68.1pp | 66.63%-55.4pp | 31.26%-20.0pp |
| Employer contribution / active EE | $6,129 | $1,610+280.7% | $2,731+124.4% | $2,727+124.8% |
| Participant deferral / active EE | $456 | $2,811-83.8% | $4,523-89.9% | $4,649-90.2% |
| Admin fee / account holder | $269 | $913-70.5% | $6,160-95.6% | $433-37.9% |