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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,331 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $91,667 | $63,924+43.4% | $108,582-15.6% | $55,167+66.2% |
| Participation rate | 43.9% | 74.3%-30.5pp | 79.6%-35.7pp | 69.0%-25.1pp |
| Annual return | 6.36% | 15.31%-8.9pp | -51.70%+58.1pp | 169.23%-162.9pp |
| Employer contribution / active EE | $66 | $1,879-96.5% | $3,758-98.2% | $1,963-96.6% |
| Participant deferral / active EE | $1,591 | $3,067-48.1% | $4,311-63.1% | $3,054-47.9% |
| Admin fee / account holder | $22 | $618-96.5% | $7,645-99.7% | $504-95.7% |