Filed April 14, 2020
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $328,481 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $26,695 | $76,774-65.2% | $112,249-76.2% | $77,906-65.7% |
| Participation rate | 83.7% | 80.2%+3.6pp | 75.1%+8.7pp | 73.7%+10.0pp |
| Annual return | -9.50% | -10.25%+0.8pp | 27.48%-37.0pp | 12.16%-21.7pp |
| Employer contribution / active EE | $1,840 | $3,977-53.7% | $3,636-49.4% | $2,846-35.4% |
| Participant deferral / active EE | $2,874 | $3,778-23.9% | $4,729-39.2% | $4,805-40.2% |
| Admin fee / account holder | $111 | $239-53.4% | $6,412-98.3% | $133-16.1% |