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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,591 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,403 | $93,182-67.4% | $146,685-79.3% | $79,393-61.7% |
| Participation rate | 63.2% | 76.4%-13.2pp | 80.1%-16.9pp | 70.7%-7.5pp |
| Annual return | 19.38% | 21.61%-2.2pp | 22.75%-3.4pp | 116.87%-97.5pp |
| Employer contribution / active EE | $257 | $2,420-89.4% | $4,137-93.8% | $2,428-89.4% |
| Participant deferral / active EE | $2,961 | $4,169-29.0% | $5,507-46.2% | $4,046-26.8% |
| Admin fee / account holder | $287 | $585-50.9% | $10,281-97.2% | $627-54.2% |