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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $96,867 |
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 | $14,953 | $41,647-64.1% | $96,171-84.5% | $86,821-82.8% |
| Participation rate | 89.9% | 50.3%+39.6pp | 68.4%+21.5pp | 72.3%+17.6pp |
| Annual return | 10.96% | 27.24%-16.3pp | 192.04%-181.1pp | 97.94%-87.0pp |
| Employer contribution / active EE | $3,451 | $1,328+159.8% | $2,799+23.3% | $2,406+43.4% |
| Participant deferral / active EE | $203 | $2,412-91.6% | $4,350-95.3% | $4,132-95.1% |
| Admin fee / account holder | $180 | $169+6.3% | $5,538-96.7% | $170+6.2% |