Filed March 5, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $82,687 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $60,947 |
Plan reported corrective distributions (failed ADP/ACP testing).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,276 | $64,768+2.3% | $76,190-13.0% | $77,643-14.6% |
| Participation rate | 98.8% | 72.6%+26.2pp | 79.3%+19.6pp | 70.6%+28.2pp |
| Annual return | 11.88% | 13.90%-2.0pp | 13.78%-1.9pp | 31.24%-19.4pp |
| Employer contribution / active EE | $4,529 | $2,747+64.9% | $4,578-1.1% | $2,726+66.1% |
| Participant deferral / active EE | $5,162 | $3,709+39.2% | $5,474-5.7% | $4,647+11.1% |
| Admin fee / account holder | $276 | $1,025-73.1% | $5,123-94.6% | $430-35.9% |