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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $87,530 |
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 | $24,485 | $78,419-68.8% | $133,978-81.7% | $73,412-66.6% |
| Participation rate | 99.5% | 78.6%+20.9pp | 79.8%+19.6pp | 72.2%+27.3pp |
| Annual return | 19.44% | 33.35%-13.9pp | 45.10%-25.7pp | 59.30%-39.9pp |
| Employer contribution / active EE | $1,871 | $2,044-8.5% | $3,919-52.3% | $2,234-16.3% |
| Participant deferral / active EE | $1,720 | $3,925-56.2% | $5,047-65.9% | $3,806-54.8% |
| Admin fee / account holder | $89 | $161-44.9% | $8,930-99.0% | $158-43.7% |