Filed October 28, 2020 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $279,540 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,395 | $82,546-26.8% | $140,019-56.9% | $75,289-19.8% |
| Participation rate | 91.7% | 88.4%+3.4pp | 87.5%+4.2pp | 72.4%+19.3pp |
| Annual return | -6.55% | -0.36%-6.2pp | 651.19%-657.7pp | -0.04%-6.5pp |
| Employer contribution / active EE | $1,908 | $3,856-50.5% | $5,605-66.0% | $2,405-20.7% |
| Participant deferral / active EE | $5,227 | $5,731-8.8% | $6,927-24.5% | $3,739+39.8% |
| Admin fee / account holder | $108 | $86+26.4% | $10,705-99.0% | $102+6.0% |