Filed August 31, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,343 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,170 | $45,152-59.8% | $73,835-75.4% | $59,633-69.5% |
| Participation rate | 60.2% | 64.0%-3.8pp | 73.4%-13.2pp | 68.7%-8.5pp |
| Annual return | -0.76% | 27.40%-28.2pp | 2268.13%-2268.9pp | 2041.40%-2042.2pp |
| Employer contribution / active EE | $12 | $1,901-99.4% | $2,788-99.6% | $2,203-99.5% |
| Participant deferral / active EE | $1,472 | $2,573-42.8% | $3,583-58.9% | $3,192-53.9% |
| Admin fee / account holder | $37 | $3,515-98.9% | $4,880-99.2% | $4,297-99.1% |