Filed August 14, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $460,066 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $24,359 | $47,456-48.7% | $172,752-85.9% | $77,775-68.7% |
| Participation rate | 87.1% | 66.3%+20.8pp | 82.6%+4.4pp | 73.2%+13.9pp |
| Annual return | 24.02% | 35.57%-11.6pp | 802.97%-779.0pp | 32.58%-8.6pp |
| Employer contribution / active EE | $2,191 | $1,574+39.2% | $5,144-57.4% | $2,504-12.5% |
| Participant deferral / active EE | $4,320 | $2,560+68.8% | $5,198-16.9% | $3,966+8.9% |
| Admin fee / account holder | $215 | $81+166.2% | $13,955-98.5% | $100+115.0% |