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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,153 |
Service code 27 · EIN 16-1629047 | Advisory (Plan) | $8,855 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $10,048 | $39,859-74.8% | $78,676-87.2% | $57,658-82.6% |
| Participation rate | 16.1% | 66.1%-50.0pp | 73.6%-57.5pp | 70.2%-54.1pp |
| Annual return | 14.44% | 18.96%-4.5pp | 62.19%-47.8pp | 5.13%+9.3pp |
| Employer contribution / active EE | $220 | $1,786-87.7% | $2,850-92.3% | $1,974-88.8% |
| Participant deferral / active EE | $1,199 | $2,248-46.7% | $3,517-65.9% | $3,061-60.8% |
| Admin fee / account holder | $93 | $76+21.9% | $4,510-97.9% | $95-1.7% |