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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,409,705 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,558 | $68,330-27.5% | $149,740-66.9% | $96,393-48.6% |
| Participation rate | 69.1% | 74.6%-5.5pp | 78.8%-9.7pp | 71.3%-2.2pp |
| Annual return | 19.95% | 29.64%-9.7pp | 134.51%-114.6pp | 22.88%-2.9pp |
| Employer contribution / active EE | $685 | $2,139-68.0% | $4,821-85.8% | $3,239-78.9% |
| Participant deferral / active EE | $3,986 | $4,422-9.9% | $5,683-29.9% | $5,455-26.9% |
| Admin fee / account holder | $47 | $52-9.9% | $13,222-99.6% | $74-36.6% |