Filed August 14, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $147,974 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $16,593 | $45,382-63.4% | $154,108-89.2% | $75,289-78.0% |
| Participation rate | 81.0% | 65.9%+15.1pp | 83.0%-2.1pp | 72.4%+8.5pp |
| Annual return | -6.08% | -0.47%-5.6pp | 735.21%-741.3pp | -0.04%-6.0pp |
| Employer contribution / active EE | $1,830 | $1,533+19.4% | $5,298-65.5% | $2,405-23.9% |
| Participant deferral / active EE | $3,796 | $2,384+59.2% | $5,081-25.3% | $3,739+1.5% |
| Admin fee / account holder | $68 | $89-23.8% | $13,411-99.5% | $102-33.4% |