Filed May 10, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,365 |
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.
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 | $36,168 | $46,732-22.6% | $156,551-76.9% | $55,167-34.4% |
| Participation rate | 61.4% | 65.8%-4.4pp | 84.0%-22.6pp | 69.0%-7.6pp |
| Annual return | 4.04% | 17.72%-13.7pp | 32.23%-28.2pp | 169.23%-165.2pp |
| Employer contribution / active EE | $384 | $2,105-81.8% | $5,501-93.0% | $1,963-80.4% |
| Participant deferral / active EE | $1,545 | $2,204-29.9% | $4,871-68.3% | $3,054-49.4% |
| Admin fee / account holder | $21 | $418-95.0% | $13,028-99.8% | $504-95.8% |