Filed December 27, 2024 (most recent of 6 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $127,186 |
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 | $93,292 | $95,918-2.7% | $151,634-38.5% | $77,906+19.8% |
| Participation rate | 96.1% | 88.7%+7.4pp | 87.5%+8.6pp | 73.7%+22.4pp |
| Annual return | -14.92% | -5.50%-9.4pp | 3.32%-18.2pp | 12.16%-27.1pp |
| Employer contribution / active EE | $1,094 | $4,330-74.7% | $6,165-82.3% | $2,846-61.6% |
| Participant deferral / active EE | $7,064 | $7,508-5.9% | $8,363-15.5% | $4,805+47.0% |
| Admin fee / account holder | $84 | $93-9.4% | $11,614-99.3% | $133-36.3% |