Filed January 12, 2021 (most recent of 3 filings on file)
Total covered: 2,125 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,709,126 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,852 | $73,283-25.2% | $155,556-64.7% | $106,553-48.5% |
| Participation rate | 71.1% | 73.3%-2.2pp | 78.2%-7.2pp | 69.8%+1.2pp |
| Annual return | 16.40% | 15.76%+0.6pp | 64.84%-48.4pp | 17.37%-1.0pp |
| Employer contribution / active EE | $704 | $2,241-68.6% | $4,675-84.9% | $3,359-79.0% |
| Participant deferral / active EE | $4,265 | $4,567-6.6% | $5,631-24.3% | $5,562-23.3% |
| Admin fee / account holder | $53 | $56-5.7% | $15,885-99.7% | $80-33.8% |