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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $25,168 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,002 | $102,514-66.8% | $97,995-65.3% | $62,293-45.4% |
| Participation rate | 88.1% | 79.5%+8.6pp | 82.4%+5.7pp | 69.5%+18.6pp |
| Annual return | 15.33% | 32.43%-17.1pp | 23.94%-8.6pp | 28.90%-13.6pp |
| Employer contribution / active EE | $1,082 | $3,689-70.7% | $4,158-74.0% | $2,042-47.0% |
| Participant deferral / active EE | $1,781 | $5,308-66.4% | $5,097-65.1% | $3,169-43.8% |
| Admin fee / account holder | $186 | $378-50.7% | $5,943-96.9% | $479-61.1% |