Filed February 2, 2017
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,996 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,846 | $47,977-71.1% | $154,111-91.0% | $56,287-75.4% |
| Participation rate | 44.1% | 66.2%-22.0pp | 83.0%-38.9pp | 69.9%-25.7pp |
| Annual return | -8.29% | 3.54%-11.8pp | 735.18%-743.5pp | -9.96%+1.7pp |
| Employer contribution / active EE | $318 | $2,169-85.4% | $5,298-94.0% | $2,111-85.0% |
| Participant deferral / active EE | $1,072 | $2,392-55.2% | $5,081-78.9% | $3,350-68.0% |
| Admin fee / account holder | $121 | $438-72.3% | $13,411-99.1% | $521-76.7% |