Filed November 6, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $17,285 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $41,978 | $80,005-47.5% | $140,019-70.0% | $55,725-24.7% |
| Participation rate | 89.8% | 87.0%+2.8pp | 87.5%+2.3pp | 70.9%+18.9pp |
| Annual return | -1.95% | 0.46%-2.4pp | 651.15%-653.1pp | 244.93%-246.9pp |
| Employer contribution / active EE | $893 | $3,403-73.8% | $5,605-84.1% | $2,078-57.0% |
| Participant deferral / active EE | $4,969 | $5,264-5.6% | $6,927-28.3% | $3,356+48.1% |
| Admin fee / account holder | $22 | $116-81.3% | $10,705-99.8% | $115-81.2% |