Filed December 2, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $502,683 |
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 | $71,566 | $82,204-12.9% | $392,568-81.8% | $82,204-12.9% |
| Participation rate | 86.6% | 73.4%+13.2pp | 78.1%+8.5pp | 73.4%+13.2pp |
| Annual return | 23.04% | 26.31%-3.3pp | 24.42%-1.4pp | 26.31%-3.3pp |
| Employer contribution / active EE | $0 | $2,707-100.0% | $3,783-100.0% | $2,707-100.0% |
| Participant deferral / active EE | $5,109 | $4,246+20.3% | $5,985-14.6% | $4,246+20.3% |
| Admin fee / account holder | $72 | $76-4.4% | $6,260-98.8% | $76-4.4% |