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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,536 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,729 | $46,732-77.0% | $156,551-93.1% | $55,167-80.6% |
| Participation rate | 58.7% | 65.8%-7.1pp | 84.0%-25.3pp | 69.0%-10.3pp |
| Annual return | 4.94% | 17.72%-12.8pp | 32.23%-27.3pp | 169.23%-164.3pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $985 | $2,204-55.3% | $4,871-79.8% | $3,054-67.8% |
| Admin fee / account holder | $68 | $418-83.7% | $13,028-99.5% | $504-86.5% |