Filed October 30, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $101,604 |
Filed as: DIMEO SCHNEIDER & ASSOC Service code 27 · EIN 36-4001764 | Advisory (Plan) | $52,877 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $97,760 | $66,124+47.8% | $90,404+8.1% | $73,488+33.0% |
| Participation rate | 95.3% | 69.7%+25.7pp | 72.7%+22.7pp | 70.7%+24.7pp |
| Annual return | 17.79% | 17.65%+0.1pp | 1293.02%-1275.2pp | 28.51%-10.7pp |
| Employer contribution / active EE | $5,380 | $2,346+129.3% | $3,262+64.9% | $2,270+137.0% |
| Participant deferral / active EE | $8,831 | $3,039+190.6% | $3,963+122.8% | $3,740+136.1% |
| Admin fee / account holder | $362 | $396-8.7% | $5,611-93.6% | $513-29.5% |