Filed January 20, 2017
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $314,615 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $101,689 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,605 | $95,918-22.2% | $151,645-50.8% | $77,906-4.2% |
| Participation rate | 69.6% | 88.7%-19.1pp | 87.5%-17.9pp | 73.7%-4.1pp |
| Annual return | -14.34% | -5.50%-8.8pp | 3.34%-17.7pp | 12.16%-26.5pp |
| Employer contribution / active EE | $1,036 | $4,330-76.1% | $6,165-83.2% | $2,846-63.6% |
| Participant deferral / active EE | $8,215 | $7,508+9.4% | $8,363-1.8% | $4,805+71.0% |
| Admin fee / account holder | $192 | $93+105.5% | $11,614-98.3% | $133+44.6% |