Filed January 2, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $150,355 |
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 | $26,333 | $76,172-65.4% | $81,286-67.6% | $199,921-86.8% |
| Participation rate | 98.0% | 76.2%+21.8pp | 69.5%+28.5pp | 72.0%+26.0pp |
| Annual return | 13.93% | 15.59%-1.7pp | 24.80%-10.9pp | 34.28%-20.4pp |
| Employer contribution / active EE | $1,609 | $2,800-42.6% | $2,463-34.7% | $3,035-47.0% |
| Participant deferral / active EE | $3,163 | $4,200-24.7% | $3,883-18.6% | $5,089-37.8% |
| Admin fee / account holder | $92 | $146-36.9% | $5,764-98.4% | $269-65.8% |