Filed February 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,342 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $21,462 | $46,732-54.1% | $156,551-86.3% | $55,167-61.1% |
| Participation rate | 74.8% | 65.8%+9.0pp | 84.0%-9.2pp | 69.0%+5.8pp |
| Annual return | 4.61% | 17.72%-13.1pp | 32.23%-27.6pp | 169.23%-164.6pp |
| Employer contribution / active EE | $7,006 | $2,105+232.8% | $5,501+27.3% | $1,963+257.0% |
| Participant deferral / active EE | $0 | $2,204-100.0% | $4,871-100.0% | $3,054-100.0% |
| Admin fee / account holder | $100 | $418-76.0% | $13,028-99.2% | $504-80.1% |