Filed August 30, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,875 |
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 | $22,602 | $70,002-67.7% | $115,038-80.4% | $52,331-56.8% |
| Participation rate | 44.4% | 72.1%-27.8pp | 81.4%-37.0pp | 68.1%-23.7pp |
| Annual return | 2.66% | 4.04%-1.4pp | 26.14%-23.5pp | 4.54%-1.9pp |
| Employer contribution / active EE | $673 | $2,715-75.2% | $4,608-85.4% | $1,882-64.2% |
| Participant deferral / active EE | $2,838 | $4,920-42.3% | $6,026-52.9% | $3,022-6.1% |
| Admin fee / account holder | $169 | $566-70.1% | $8,175-97.9% | $592-71.4% |