Filed September 1, 2022 (most recent of 6 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $432,332 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $79,902 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $40,422 | $93,283-56.7% | $76,891-47.4% | $103,657-61.0% |
| Participation rate | 93.0% | 79.3%+13.7pp | 69.6%+23.4pp | 73.4%+19.6pp |
| Annual return | 18.49% | 17.40%+1.1pp | 37.91%-19.4pp | 33.13%-14.6pp |
| Employer contribution / active EE | $2,112 | $3,170-33.4% | $2,534-16.7% | $3,216-34.3% |
| Participant deferral / active EE | $3,289 | $4,624-28.9% | $3,833-14.2% | $5,218-37.0% |
| Admin fee / account holder | $71 | $78-9.9% | $5,488-98.7% | $114-38.1% |