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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,934 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $34,354 | $67,602-49.2% | $82,312-58.3% | $70,126-51.0% |
| Participation rate | 60.6% | 72.8%-12.1pp | 76.9%-16.3pp | 69.5%-8.9pp |
| Annual return | 16.13% | 21.57%-5.4pp | 25.88%-9.7pp | 73.15%-57.0pp |
| Employer contribution / active EE | $685 | $1,755-61.0% | $2,428-71.8% | $2,343-70.8% |
| Participant deferral / active EE | $1,542 | $2,987-48.4% | $3,706-58.4% | $3,332-53.7% |
| Admin fee / account holder | $184 | $4,512-95.9% | $5,608-96.7% | $4,645-96.0% |