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 | $103,657+18179.0% | $130,298+14441.7% | $103,657+18179.0% |
| Participation rate | 0.0% | 73.4%-73.4pp | 76.3%-76.3pp | 73.4%-73.4pp |
| Annual return | 61.53% | 33.13%+28.4pp | 38.90%+22.6pp | 33.13%+28.4pp |
| Employer contribution / active EE | $3,142 | $3,216-2.3% | $4,128-23.9% | $3,216-2.3% |
| Participant deferral / active EE | $7,454 | $5,218+42.8% | $6,790+9.8% | $5,218+42.8% |
| Admin fee / account holder | $11,401 | $114+9889.5% | $6,025+89.2% | $114+9889.5% |