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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,023 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,433 | $59,191-43.5% | $76,767-56.4% | $56,289-40.6% |
| Participation rate | 44.4% | 75.2%-30.8pp | 77.0%-32.5pp | 69.9%-25.4pp |
| Annual return | -5.81% | 6.62%-12.4pp | 2.43%-8.2pp | -9.96%+4.2pp |
| Employer contribution / active EE | $506 | $1,759-71.2% | $2,485-79.6% | $2,111-76.0% |
| Participant deferral / active EE | $1,166 | $3,255-64.2% | $3,852-69.7% | $3,350-65.2% |
| Admin fee / account holder | $148 | $489-69.8% | $6,675-97.8% | $521-71.6% |