Filed December 27, 2018 (most recent of 9 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 26-0058143 | Advisory (Plan) | $40,534 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,031 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $69,061 | $63,905+8.1% | $74,184-6.9% | $57,661+19.8% |
| Participation rate | 54.8% | 79.8%-25.0pp | 76.6%-21.8pp | 70.2%-15.4pp |
| Annual return | 9.45% | 60.60%-51.2pp | 17.74%-8.3pp | 5.13%+4.3pp |
| Employer contribution / active EE | $214 | $1,840-88.4% | $2,370-91.0% | $1,974-89.1% |
| Participant deferral / active EE | $1,828 | $3,448-47.0% | $3,550-48.5% | $3,061-40.3% |
| Admin fee / account holder | $25 | $91-72.9% | $5,586-99.6% | $95-73.9% |