Filed December 15, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,754 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $25,265 | $69,383-63.6% | $101,271-75.1% | $73,493-65.6% |
| Participation rate | 42.4% | 68.4%-26.0pp | 75.8%-33.4pp | 70.7%-28.3pp |
| Annual return | 19.80% | 18.46%+1.3pp | 46.48%-26.7pp | 28.51%-8.7pp |
| Employer contribution / active EE | $976 | $2,628-62.9% | $3,660-73.3% | $2,270-57.0% |
| Participant deferral / active EE | $1,863 | $3,301-43.6% | $4,371-57.4% | $3,740-50.2% |
| Admin fee / account holder | $211 | $704-70.1% | $5,948-96.5% | $513-58.9% |