Filed October 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $27,071 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,504 | $53,925-23.0% | $75,501-45.0% | $69,631-40.4% |
| Participation rate | 99.8% | 71.2%+28.6pp | 72.4%+27.4pp | 70.7%+29.1pp |
| Annual return | 12.17% | 17.84%-5.7pp | 27.35%-15.2pp | 27571.02%-27558.9pp |
| Employer contribution / active EE | $745 | $1,802-58.6% | $2,352-68.3% | $2,032-63.3% |
| Participant deferral / active EE | $2,082 | $2,569-19.0% | $3,142-33.7% | $3,224-35.4% |
| Admin fee / account holder | $55 | $97-43.7% | $5,801-99.1% | $110-50.5% |