Filed May 24, 2016
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 | $70,775 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $35,752 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,261 | $106,236-64.0% | $112,263-65.9% | $64,824-41.0% |
| Participation rate | 33.8% | 71.7%-37.9pp | 75.1%-41.3pp | 71.5%-37.7pp |
| Annual return | -17.39% | -6.02%-11.4pp | 27.49%-44.9pp | 32.84%-50.2pp |
| Employer contribution / active EE | $1,034 | $3,167-67.3% | $3,636-71.6% | $2,507-58.8% |
| Participant deferral / active EE | $2,024 | $3,786-46.5% | $4,729-57.2% | $4,311-53.0% |
| Admin fee / account holder | $433 | $452-4.1% | $6,410-93.2% | $188+130.5% |