Filed December 28, 2020 (most recent of 9 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $184,477 |
Service code 27 · EIN 47-5476782 | Advisory (Plan) | $82,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $101,895 | $56,095+81.6% | $178,498-42.9% | $90,274+12.9% |
| Participation rate | 66.3% | 65.6%+0.7pp | 81.9%-15.7pp | 73.4%-7.1pp |
| Annual return | 12.92% | 28.81%-15.9pp | 151.09%-138.2pp | 53.97%-41.1pp |
| Employer contribution / active EE | $2,355 | $1,572+49.8% | $5,011-53.0% | $2,523-6.7% |
| Participant deferral / active EE | $5,060 | $2,669+89.6% | $5,202-2.7% | $4,231+19.6% |
| Admin fee / account holder | $158 | $101+57.5% | $13,985-98.9% | $114+39.0% |