Filed December 2, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,894 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,240 | $36,916-37.0% | $156,551-85.2% | $57,658-59.7% |
| Participation rate | 26.8% | 63.4%-36.6pp | 84.0%-57.2pp | 70.2%-43.4pp |
| Annual return | 8.42% | 12.38%-4.0pp | 32.23%-23.8pp | 5.13%+3.3pp |
| Employer contribution / active EE | $0 | $1,571-100.0% | $5,501-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $1,418 | $1,926-26.4% | $4,871-70.9% | $3,061-53.7% |
| Admin fee / account holder | $135 | $82+63.3% | $13,028-99.0% | $95+42.5% |