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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,497 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $16,319 | $86,341-81.1% | $125,192-87.0% | $65,185-75.0% |
| Participation rate | 58.3% | 75.3%-17.0pp | 79.8%-21.5pp | 70.2%-11.9pp |
| Annual return | 24.64% | 27.44%-2.8pp | 43.79%-19.2pp | 29.38%-4.7pp |
| Employer contribution / active EE | $265 | $2,040-87.0% | $3,866-93.2% | $2,177-87.8% |
| Participant deferral / active EE | $2,676 | $3,538-24.4% | $4,937-45.8% | $3,514-23.9% |
| Admin fee / account holder | $104 | $609-82.9% | $9,704-98.9% | $847-87.7% |