Filed May 19, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,389 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $74,031 | $56,503+31.0% | $69,890+5.9% | $64,824+14.2% |
| Participation rate | 52.3% | 70.5%-18.2pp | 70.5%-18.2pp | 71.5%-19.2pp |
| Annual return | -17.35% | -13.44%-3.9pp | 190.84%-208.2pp | 32.84%-50.2pp |
| Employer contribution / active EE | $1,457 | $2,046-28.8% | $2,560-43.1% | $2,507-41.9% |
| Participant deferral / active EE | $2,848 | $3,389-16.0% | $3,848-26.0% | $4,311-33.9% |
| Admin fee / account holder | $222 | $160+38.5% | $6,267-96.5% | $188+18.2% |