Filed April 11, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,527 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $14,217 | $29,369-51.6% | $77,513-81.7% | $73,412-80.6% |
| Participation rate | 16.7% | 37.9%-21.3pp | 54.2%-37.5pp | 72.2%-55.5pp |
| Annual return | 21.61% | 358.15%-336.5pp | 54.81%-33.2pp | 59.30%-37.7pp |
| Employer contribution / active EE | $118 | $406-71.0% | $987-88.1% | $2,234-94.7% |
| Participant deferral / active EE | $465 | $941-50.6% | $1,861-75.0% | $3,806-87.8% |
| Admin fee / account holder | $46 | $123-62.3% | $2,859-98.4% | $158-70.7% |