Filed December 2, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $478,400 |
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 | $59,489 | $93,094-36.1% | $106,387-44.1% | $68,904-13.7% |
| Participation rate | 88.2% | 83.9%+4.3pp | 77.5%+10.8pp | 74.1%+14.1pp |
| Annual return | -4.05% | -2.12%-1.9pp | 0.25%-4.3pp | 1.07%-5.1pp |
| Employer contribution / active EE | -$0 | $3,237-100.0% | $3,520-100.0% | $2,540-100.0% |
| Participant deferral / active EE | $4,615 | $5,445-15.2% | $5,421-14.9% | $4,015+14.9% |
| Admin fee / account holder | $69 | $85-19.3% | $7,510-99.1% | $71-3.6% |