Filed December 2, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $558,632 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,947,538 | $103,514+18204.3% | $130,231+14449.2% | $103,514+18204.3% |
| Participation rate | 0.0% | 73.3%-73.3pp | 76.3%-76.3pp | 73.3%-73.3pp |
| Annual return | 61.53% | 33.12%+28.4pp | 38.77%+22.8pp | 33.12%+28.4pp |
| Employer contribution / active EE | $3,142 | $3,210-2.1% | $4,126-23.8% | $3,210-2.1% |
| Participant deferral / active EE | $7,454 | $5,209+43.1% | $6,799+9.6% | $5,209+43.1% |
| Admin fee / account holder | $11,401 | $114+9890.9% | $6,020+89.4% | $114+9890.9% |