Filed July 15, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,596 |
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,208 | $58,258-37.8% | $81,820-55.7% | $80,925-55.3% |
| Participation rate | 95.3% | 63.5%+31.9pp | 72.4%+23.0pp | 67.7%+27.7pp |
| Annual return | 14.00% | 41.76%-27.8pp | 777.93%-763.9pp | 35.65%-21.7pp |
| Employer contribution / active EE | $0 | $2,345-100.0% | $2,915-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $0 | $3,284-100.0% | $4,323-100.0% | $4,299-100.0% |
| Admin fee / account holder | $96 | $4,976-98.1% | $7,391-98.7% | $6,940-98.6% |