Filed April 11, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,831 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,294 | $30,555-53.2% | $80,741-82.3% | $86,813-83.5% |
| Participation rate | 19.5% | 37.2%-17.8pp | 54.2%-34.7pp | 72.3%-52.8pp |
| Annual return | 19.43% | 30.35%-10.9pp | 87.30%-67.9pp | 97.93%-78.5pp |
| Employer contribution / active EE | $148 | $472-68.7% | $1,160-87.3% | $2,406-93.9% |
| Participant deferral / active EE | $571 | $1,050-45.6% | $2,145-73.4% | $4,131-86.2% |
| Admin fee / account holder | $41 | $135-70.0% | $3,380-98.8% | $170-76.1% |