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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,024 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,815 | $28,416-76.0% | $73,550-90.7% | $69,631-90.2% |
| Participation rate | 2.8% | 38.3%-35.5pp | 54.9%-52.1pp | 70.7%-67.9pp |
| Annual return | 19.21% | -694.13%+713.3pp | -15.16%+34.4pp | 27571.02%-27551.8pp |
| Employer contribution / active EE | $0 | $430-100.0% | $1,219-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $117 | $897-87.0% | $1,804-93.5% | $3,224-96.4% |
| Admin fee / account holder | $72 | $104-30.7% | $2,320-96.9% | $110-34.5% |