Filed November 18, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 75-2870811 | Advisory (Plan) | $42,903 |
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,178 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,793 | $46,332-24.9% | $143,799-75.8% | $64,819-46.3% |
| Participation rate | 66.2% | 64.2%+1.9pp | 80.3%-14.2pp | 71.5%-5.3pp |
| Annual return | -17.40% | -10.05%-7.3pp | -0.04%-17.4pp | 32.84%-50.2pp |
| Employer contribution / active EE | $925 | $1,911-51.6% | $4,952-81.3% | $2,507-63.1% |
| Participant deferral / active EE | $2,452 | $2,647-7.4% | $5,638-56.5% | $4,311-43.1% |
| Admin fee / account holder | $46 | $154-70.2% | $14,677-99.7% | $188-75.6% |