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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,087 |
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 | $108,933 | $78,707+38.4% | $117,861-7.6% | $70,126+55.3% |
| Participation rate | 48.9% | 73.2%-24.3pp | 79.7%-30.7pp | 69.5%-20.6pp |
| Annual return | 15.88% | 23.30%-7.4pp | 335.11%-319.2pp | 73.15%-57.3pp |
| Employer contribution / active EE | $0 | $2,223-100.0% | $3,786-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $2,112 | $3,297-36.0% | $4,482-52.9% | $3,332-36.6% |
| Admin fee / account holder | $18 | $5,066-99.6% | $8,021-99.8% | $4,645-99.6% |