Filed December 9, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $195,840 |
Service code 27 · EIN 47-1880154 | Advisory (Plan) | $30,000 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,525 | $56,540-5.3% | $185,849-71.2% | $86,821-38.4% |
| Participation rate | 96.6% | 65.5%+31.1pp | 81.7%+14.9pp | 72.3%+24.3pp |
| Annual return | 14.01% | 118.20%-104.2pp | 122.10%-108.1pp | 97.94%-83.9pp |
| Employer contribution / active EE | $2,027 | $1,844+9.9% | $5,169-60.8% | $2,406-15.7% |
| Participant deferral / active EE | $3,491 | $2,555+36.6% | $5,569-37.3% | $4,132-15.5% |
| Admin fee / account holder | $198 | $150+32.3% | $16,244-98.8% | $170+16.8% |