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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,663 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $24,117 | $60,349-60.0% | $74,184-67.5% | $62,881-61.6% |
| Participation rate | 55.4% | 72.7%-17.3pp | 76.6%-21.2pp | 69.3%-13.9pp |
| Annual return | 6.87% | 21.38%-14.5pp | 17.74%-10.9pp | 20.14%-13.3pp |
| Employer contribution / active EE | $924 | $1,680-45.0% | $2,370-61.0% | $2,281-59.5% |
| Participant deferral / active EE | $1,845 | $2,856-35.4% | $3,550-48.0% | $3,203-42.4% |
| Admin fee / account holder | $142 | $4,261-96.7% | $5,586-97.5% | $4,296-96.7% |