Filed December 2, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $451,279 |
Employer contribution per participant 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 | $66,645 | $177,276-62.4% | $115,752-42.4% | $177,276-62.4% |
| Participation rate | 84.2% | 74.8%+9.4pp | 77.8%+6.5pp | 74.8%+9.4pp |
| Annual return | 20.31% | 21.25%-0.9pp | 19.41%+0.9pp | 21.25%-0.9pp |
| Employer contribution / active EE | $0 | $2,479-100.0% | $3,492-100.0% | $2,479-100.0% |
| Participant deferral / active EE | $4,269 | $3,881+10.0% | $5,204-18.0% | $3,881+10.0% |
| Admin fee / account holder | $67 | $154-56.4% | $6,278-98.9% | $154-56.4% |