Filed May 8, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,461 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $149,296 | $103,685+44.0% | $105,387+41.7% | $65,186+129.0% |
| Participation rate | 91.8% | 83.2%+8.6pp | 82.6%+9.3pp | 70.2%+21.6pp |
| Annual return | 25.00% | 23.88%+1.1pp | 26.82%-1.8pp | 29.39%-4.4pp |
| Employer contribution / active EE | $1,797 | $3,842-53.2% | $4,213-57.4% | $2,177-17.5% |
| Participant deferral / active EE | $15,668 | $5,634+178.1% | $5,502+184.8% | $3,514+345.9% |
| Admin fee / account holder | $160 | $399-59.9% | $6,559-97.6% | $847-81.1% |