Filed November 29, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $73,509 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,631 | $51,226+22.3% | $82,744-24.3% | $66,938-6.4% |
| Participation rate | 99.4% | 67.9%+31.5pp | 72.6%+26.8pp | 69.8%+29.6pp |
| Annual return | -6.45% | -9.61%+3.2pp | 702.22%-708.7pp | 1.58%-8.0pp |
| Employer contribution / active EE | $6,051 | $2,612+131.6% | $3,008+101.2% | $2,545+137.7% |
| Participant deferral / active EE | $5,891 | $3,460+70.3% | $4,395+34.0% | $4,238+39.0% |
| Admin fee / account holder | $353 | $416-14.9% | $5,325-93.4% | $594-40.5% |