Filed February 7, 2025 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $132,794 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,587 | $53,216+23.2% | $155,534-57.8% | $199,960-67.2% |
| Participation rate | 92.5% | 64.1%+28.4pp | 78.2%+14.3pp | 72.0%+20.5pp |
| Annual return | 13.55% | 41.18%-27.6pp | 64.92%-51.4pp | 34.28%-20.7pp |
| Employer contribution / active EE | $1,575 | $1,848-14.8% | $4,675-66.3% | $3,036-48.1% |
| Participant deferral / active EE | $5,147 | $3,164+62.7% | $5,630-8.6% | $5,087+1.2% |
| Admin fee / account holder | $102 | $186-45.0% | $15,900-99.4% | $269-62.1% |