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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Filed as: PRINCIPAL LIFE INS CO Service code 13 · EIN 42-0127290 | Contract Administrator | $9,566 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,379 | $77,677-84.1% | $109,173-88.7% | $79,391-84.4% |
| Participation rate | 61.6% | 67.8%-6.2pp | 75.9%-14.3pp | 70.7%-9.1pp |
| Annual return | 0.00% | 23.44%-23.4pp | 25.75%-25.8pp | 116.88%-116.9pp |
| Employer contribution / active EE | $957 | $2,798-65.8% | $3,723-74.3% | $2,428-60.6% |
| Participant deferral / active EE | $1,421 | $3,517-59.6% | $4,654-69.5% | $4,046-64.9% |
| Admin fee / account holder | $88 | $732-88.0% | $6,755-98.7% | $627-86.0% |