Filed October 18, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $102,343 |
Service code 27 · EIN 26-0058143 | Advisory (Plan) | $52,660 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $145,275 | $60,488+140.2% | $109,895+32.2% | $79,393+83.0% |
| Participation rate | 99.4% | 67.0%+32.4pp | 74.2%+25.2pp | 70.7%+28.7pp |
| Annual return | 13.56% | 189.57%-176.0pp | 29.46%-15.9pp | 116.87%-103.3pp |
| Employer contribution / active EE | $1,210 | $1,649-26.6% | $2,843-57.4% | $2,428-50.1% |
| Participant deferral / active EE | $4,547 | $3,220+41.2% | $4,049+12.3% | $4,046+12.4% |
| Admin fee / account holder | $463 | $605-23.4% | $6,067-92.4% | $627-26.1% |