Filed November 4, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,564 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $3,109 | $46,966-93.4% | $185,117-98.3% | $69,631-95.5% |
| Participation rate | 80.1% | 65.3%+14.8pp | 77.3%+2.8pp | 70.7%+9.4pp |
| Annual return | 353.30% | 22.36%+330.9pp | 40.50%+312.8pp | 27571.02%-27217.7pp |
| Employer contribution / active EE | $0 | $1,360-100.0% | $4,182-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,410 | $3,017-53.3% | $5,045-72.0% | $3,224-56.3% |
| Admin fee / account holder | $35 | $94-62.8% | $8,159-99.6% | $110-68.4% |