Filed February 12, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,334 |
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 | $23,252 | $42,546-45.3% | $71,796-67.6% | $55,167-57.9% |
| Participation rate | 67.5% | 59.1%+8.4pp | 69.1%-1.6pp | 69.0%-1.5pp |
| Annual return | 9.73% | 12.36%-2.6pp | 78.04%-68.3pp | 169.23%-159.5pp |
| Employer contribution / active EE | $644 | $803-19.8% | $1,924-66.5% | $1,963-67.2% |
| Participant deferral / active EE | $3,028 | $2,064+46.7% | $2,794+8.3% | $3,054-0.9% |
| Admin fee / account holder | $57 | $650-91.3% | $4,815-98.8% | $504-88.7% |