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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,603 |
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 | $94,928 | $83,485+13.7% | $125,192-24.2% | $72,975+30.1% |
| Participation rate | 47.2% | 73.3%-26.1pp | 79.8%-32.6pp | 69.5%-22.3pp |
| Annual return | 20.93% | 25.77%-4.8pp | 43.79%-22.9pp | 81.01%-60.1pp |
| Employer contribution / active EE | $0 | $2,346-100.0% | $3,866-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $2,122 | $3,586-40.8% | $4,937-57.0% | $3,608-41.2% |
| Admin fee / account holder | $30 | $5,518-99.5% | $9,704-99.7% | $5,124-99.4% |