Filed December 18, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $473 |
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 | $64,904 | $46,877+38.5% | $122,354-47.0% | $70,126-7.4% |
| Participation rate | 38.0% | 58.2%-20.2pp | 71.6%-33.6pp | 69.5%-31.5pp |
| Annual return | 19.56% | 24.22%-4.7pp | 30.28%-10.7pp | 73.15%-53.6pp |
| Employer contribution / active EE | $319 | $1,288-75.2% | $4,051-92.1% | $2,343-86.4% |
| Participant deferral / active EE | $1,925 | $2,167-11.2% | $3,287-41.4% | $3,332-42.2% |
| Admin fee / account holder | $11 | $3,324-99.7% | $5,479-99.8% | $4,645-99.8% |