Filed August 9, 2023 (most recent of 2 filings on file)
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,132 |
Service code 49 · EIN 74-2794194 | Other Services | $8,064 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $45,028 | $38,969+15.5% | $109,313-58.8% | $55,167-18.4% |
| Participation rate | 55.8% | 58.2%-2.4pp | 71.3%-15.4pp | 69.0%-13.2pp |
| Annual return | 8.53% | 8.26%+0.3pp | 22.07%-13.5pp | 169.23%-160.7pp |
| Employer contribution / active EE | $697 | $1,227-43.2% | $3,892-82.1% | $1,963-64.5% |
| Participant deferral / active EE | $2,114 | $2,176-2.8% | $3,166-33.2% | $3,054-30.8% |
| Admin fee / account holder | $102 | $501-79.6% | $5,666-98.2% | $504-79.7% |