Filed January 2, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $63,968 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $43,713 | $53,925-18.9% | $75,501-42.1% | $69,631-37.2% |
| Participation rate | 55.3% | 71.2%-15.9pp | 72.4%-17.1pp | 70.7%-15.4pp |
| Annual return | 14.75% | 17.84%-3.1pp | 27.35%-12.6pp | 27571.02%-27556.3pp |
| Employer contribution / active EE | $808 | $1,802-55.1% | $2,352-65.6% | $2,032-60.2% |
| Participant deferral / active EE | $1,553 | $2,569-39.5% | $3,142-50.6% | $3,224-51.8% |
| Admin fee / account holder | $128 | $97+32.0% | $5,801-97.8% | $110+16.1% |