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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $35,254 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $150,476 | $111,491+35.0% | $189,545-20.6% | $86,821+73.3% |
| Participation rate | 61.4% | 87.3%-25.9pp | 87.8%-26.4pp | 72.3%-10.9pp |
| Annual return | 0.00% | 83.50%-83.5pp | 555.36%-555.4pp | 97.94%-97.9pp |
| Employer contribution / active EE | $2,546 | $3,951-35.6% | $6,162-58.7% | $2,406+5.8% |
| Participant deferral / active EE | $3,240 | $6,437-49.7% | $8,220-60.6% | $4,132-21.6% |
| Admin fee / account holder | $86 | $189-54.4% | $12,049-99.3% | $170-49.2% |