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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,925 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $22,319 | $83,884-73.4% | $64,097-65.2% | $74,473-70.0% |
| Participation rate | 29.5% | 76.6%-47.1pp | 72.3%-42.8pp | 70.7%-41.2pp |
| Annual return | 0.00% | 16.57%-16.6pp | 33.75%-33.7pp | 34.36%-34.4pp |
| Employer contribution / active EE | $2,883 | $3,084-6.5% | $2,750+4.8% | $2,638+9.3% |
| Participant deferral / active EE | $609 | $3,692-83.5% | $3,881-84.3% | $4,530-86.6% |
| Admin fee / account holder | $129 | $196-34.2% | $3,070-95.8% | $347-62.8% |