Filed February 12, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,294 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,794 | $39,245-47.0% | $64,105-67.6% | $52,331-60.3% |
| Participation rate | 64.9% | 58.2%+6.7pp | 68.2%-3.3pp | 68.1%-3.2pp |
| Annual return | -0.54% | 14.79%-15.3pp | 791.24%-791.8pp | 4.54%-5.1pp |
| Employer contribution / active EE | $672 | $736-8.7% | $1,820-63.1% | $1,882-64.3% |
| Participant deferral / active EE | $3,155 | $1,992+58.4% | $2,822+11.8% | $3,022+4.4% |
| Admin fee / account holder | $48 | $592-91.8% | $4,499-98.9% | $592-91.8% |