Filed December 18, 2018 (most recent of 3 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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,380 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $17,486 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,923 | $45,602+68.7% | $117,533-34.6% | $66,938+14.9% |
| Participation rate | 38.8% | 57.6%-18.8pp | 70.6%-31.8pp | 69.8%-31.0pp |
| Annual return | -19.86% | -16.74%-3.1pp | 29.77%-49.6pp | 1.58%-21.4pp |
| Employer contribution / active EE | $347 | $1,579-78.0% | $4,179-91.7% | $2,545-86.4% |
| Participant deferral / active EE | $2,409 | $2,845-15.3% | $4,072-40.8% | $4,238-43.2% |
| Admin fee / account holder | $690 | $661+4.4% | $5,647-87.8% | $594+16.2% |