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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $3,467 |
TAG RESOURCES, LLC1 year Service code 15 · EIN 62-1874769 | Recordkeeping | $281 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399 | Recordkeeping | $2 |
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 | $17,234 | $84,936-79.7% | $111,308-84.5% | $79,391-78.3% |
| Participation rate | 51.0% | 75.9%-24.9pp | 77.3%-26.4pp | 70.7%-19.7pp |
| Annual return | 14.61% | 17.45%-2.8pp | 54.67%-40.1pp | 116.88%-102.3pp |
| Employer contribution / active EE | $0 | $1,979-100.0% | $2,732-100.0% | $2,428-100.0% |
| Participant deferral / active EE | $831 | $3,888-78.6% | $4,487-81.5% | $4,046-79.5% |
| Admin fee / account holder | $71 | $537-86.8% | $7,965-99.1% | $627-88.7% |