Filed May 31, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,363 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $29,830 | $46,360-35.7% | $147,618-79.8% | $52,331-43.0% |
| Participation rate | 52.2% | 64.9%-12.7pp | 84.6%-32.4pp | 68.1%-15.9pp |
| Annual return | 2.26% | 1.62%+0.6pp | 61.98%-59.7pp | 4.54%-2.3pp |
| Employer contribution / active EE | $463 | $2,126-78.2% | $5,565-91.7% | $1,882-75.4% |
| Participant deferral / active EE | $1,915 | $2,258-15.2% | $4,895-60.9% | $3,022-36.6% |
| Admin fee / account holder | $175 | $766-77.2% | $11,612-98.5% | $592-70.5% |