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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $89,645 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,441 | $69,159-61.8% | $125,195-78.9% | $67,582-60.9% |
| Participation rate | 99.9% | 78.2%+21.6pp | 79.8%+20.1pp | 71.3%+28.6pp |
| Annual return | 24.35% | 27.12%-2.8pp | 43.79%-19.4pp | 378.57%-354.2pp |
| Employer contribution / active EE | $2,775 | $2,023+37.1% | $3,866-28.2% | $2,148+29.2% |
| Participant deferral / active EE | $1,822 | $3,700-50.7% | $4,937-63.1% | $3,539-48.5% |
| Admin fee / account holder | $123 | $142-12.9% | $9,704-98.7% | $142-13.2% |