Filed December 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $831,324 |
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 | $68,985 | $106,087-35.0% | $86,717-20.4% | $78,104-11.7% |
| Participation rate | 97.9% | 89.6%+8.3pp | 76.6%+21.3pp | 74.5%+23.4pp |
| Annual return | -15.68% | -14.87%-0.8pp | 35.97%-51.7pp | 10.90%-26.6pp |
| Employer contribution / active EE | $3,228 | $4,110-21.5% | $2,837+13.8% | $3,128+3.2% |
| Participant deferral / active EE | $4,730 | $6,851-31.0% | $4,657+1.6% | $5,089-7.1% |
| Admin fee / account holder | $145 | $81+78.6% | $7,494-98.1% | $79+83.8% |