Filed August 24, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $168,386 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,393 | $53,204+13.5% | $155,556-61.2% | $200,096-69.8% |
| Participation rate | 97.7% | 64.1%+33.6pp | 78.2%+19.5pp | 72.0%+25.7pp |
| Annual return | 11.28% | 41.02%-29.7pp | 64.84%-53.6pp | 34.26%-23.0pp |
| Employer contribution / active EE | $1,678 | $1,850-9.3% | $4,675-64.1% | $3,038-44.8% |
| Participant deferral / active EE | $5,253 | $3,163+66.0% | $5,631-6.7% | $5,090+3.2% |
| Admin fee / account holder | $91 | $186-51.2% | $15,885-99.4% | $269-66.3% |