Filed June 29, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,743 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,362 | $57,976-32.1% | $62,995-37.5% | $62,292-36.8% |
| Participation rate | 73.8% | 75.9%-2.1pp | 74.8%-1.0pp | 69.5%+4.3pp |
| Annual return | 7.37% | 17.54%-10.2pp | 87.57%-80.2pp | 28.90%-21.5pp |
| Employer contribution / active EE | $551 | $2,415-77.2% | $2,759-80.0% | $2,042-73.0% |
| Participant deferral / active EE | $1,233 | $2,956-58.3% | $3,329-63.0% | $3,169-61.1% |
| Admin fee / account holder | $58 | $276-78.8% | $3,600-98.4% | $479-87.8% |