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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $792 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,340 | $44,764-76.9% | $68,791-85.0% | $64,808-84.0% |
| Participation rate | 1.1% | 64.8%-63.7pp | 69.0%-68.0pp | 71.5%-70.4pp |
| Annual return | 71.96% | -10.91%+82.9pp | -6.38%+78.3pp | 32.82%+39.1pp |
| Employer contribution / active EE | $0 | $1,775-100.0% | $2,655-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $59 | $3,238-98.2% | $3,941-98.5% | $4,310-98.6% |
| Admin fee / account holder | $79 | $151-47.7% | $4,932-98.4% | $188-57.8% |