Filed December 27, 2024 (most recent of 6 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $135,691 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,875 | $118,337-6.3% | $189,534-41.5% | $93,010+19.2% |
| Participation rate | 96.9% | 89.1%+7.9pp | 87.8%+9.1pp | 73.9%+23.0pp |
| Annual return | 33.91% | 21.77%+12.1pp | 555.39%-521.5pp | 158.70%-124.8pp |
| Employer contribution / active EE | $995 | $4,204-76.3% | $6,162-83.9% | $2,705-63.2% |
| Participant deferral / active EE | $6,700 | $7,123-5.9% | $8,220-18.5% | $4,561+46.9% |
| Admin fee / account holder | $90 | $100-9.3% | $12,049-99.2% | $152-40.4% |