Filed July 15, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,228 |
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 | $28,860 | $51,226-43.7% | $82,706-65.1% | $66,930-56.9% |
| Participation rate | 97.1% | 67.9%+29.2pp | 72.6%+24.5pp | 69.8%+27.2pp |
| Annual return | -15.09% | -9.61%-5.5pp | 701.76%-716.9pp | 1.57%-16.7pp |
| Employer contribution / active EE | $0 | $2,612-100.0% | $3,007-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $0 | $3,460-100.0% | $4,394-100.0% | $4,238-100.0% |
| Admin fee / account holder | $77 | $416-81.4% | $5,329-98.5% | $593-86.9% |