Filed April 3, 2023
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 | $3,800 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $28,982 | $65,092-55.5% | $143,799-79.8% | $66,938-56.7% |
| Participation rate | 56.7% | 65.2%-8.5pp | 80.3%-23.6pp | 69.8%-13.1pp |
| Annual return | -15.89% | -11.14%-4.8pp | -0.04%-15.8pp | 1.58%-17.5pp |
| Employer contribution / active EE | $776 | $2,362-67.1% | $4,952-84.3% | $2,545-69.5% |
| Participant deferral / active EE | $1,231 | $2,920-57.8% | $5,638-78.2% | $4,238-71.0% |
| Admin fee / account holder | $40 | $502-92.0% | $14,677-99.7% | $594-93.3% |