Filed August 24, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $50,216 |
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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,481 | $50,150+10.6% | $149,723-62.9% | $80,169-30.8% |
| Participation rate | 96.8% | 64.3%+32.5pp | 78.8%+18.1pp | 72.9%+23.9pp |
| Annual return | 9.81% | 29.80%-20.0pp | 134.50%-124.7pp | 40.39%-30.6pp |
| Employer contribution / active EE | $435 | $1,868-76.7% | $4,821-91.0% | $2,978-85.4% |
| Participant deferral / active EE | $1,228 | $3,195-61.6% | $5,682-78.4% | $5,016-75.5% |
| Admin fee / account holder | $26 | $153-82.9% | $13,215-99.8% | $145-82.0% |