Filed August 24, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,912 |
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,212 | $46,332-4.6% | $143,797-69.3% | $64,824-31.8% |
| Participation rate | 77.2% | 64.2%+12.9pp | 80.3%-3.1pp | 71.5%+5.7pp |
| Annual return | -16.23% | -10.05%-6.2pp | -0.04%-16.2pp | 32.84%-49.1pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $0 | $2,647-100.0% | $5,638-100.0% | $4,311-100.0% |
| Admin fee / account holder | $19 | $154-87.9% | $14,679-99.9% | $188-90.1% |