Filed April 28, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $11,931 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $5,994 | $47,977-87.5% | $154,111-96.1% | $56,287-89.4% |
| Participation rate | 65.0% | 66.2%-1.2pp | 83.0%-18.0pp | 69.9%-4.8pp |
| Annual return | -6.19% | 3.54%-9.7pp | 735.18%-741.4pp | -9.96%+3.8pp |
| Employer contribution / active EE | $220 | $2,169-89.9% | $5,298-95.9% | $2,111-89.6% |
| Participant deferral / active EE | $1,023 | $2,392-57.2% | $5,081-79.9% | $3,350-69.4% |
| Admin fee / account holder | $63 | $438-85.5% | $13,411-99.5% | $521-87.8% |