Filed October 25, 2019 (most recent of 2 filings on file)
Total covered: 8 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,498 |
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 | $21,123 | $37,117-43.1% | $147,617-85.7% | $55,191-61.7% |
| Participation rate | 67.7% | 63.6%+4.1pp | 84.6%-17.0pp | 69.2%-1.5pp |
| Annual return | 1.54% | 3.44%-1.9pp | 61.98%-60.4pp | 10.78%-9.2pp |
| Employer contribution / active EE | $1,127 | $1,620-30.5% | $5,564-79.8% | $1,899-40.7% |
| Participant deferral / active EE | $1,557 | $1,985-21.6% | $4,895-68.2% | $3,046-48.9% |
| Admin fee / account holder | $102 | $86+19.7% | $11,612-99.1% | $91+12.8% |