Filed January 2, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $124,094 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $23,039 | $77,197-70.2% | $86,615-73.4% | $93,010-75.2% |
| Participation rate | 71.7% | 78.2%-6.5pp | 71.6%+0.1pp | 73.9%-2.2pp |
| Annual return | 15.23% | 16.31%-1.1pp | 63.51%-48.3pp | 158.70%-143.5pp |
| Employer contribution / active EE | $975 | $2,514-61.2% | $2,496-60.9% | $2,705-64.0% |
| Participant deferral / active EE | $1,965 | $3,831-48.7% | $3,699-46.9% | $4,561-56.9% |
| Admin fee / account holder | $83 | $105-21.0% | $5,830-98.6% | $152-45.4% |