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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,010 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $32,870 | $56,171-41.5% | $108,745-69.8% | $55,167-40.4% |
| Participation rate | 33.3% | 70.7%-37.4pp | 77.7%-44.3pp | 69.0%-35.7pp |
| Annual return | 1.32% | 214.86%-213.5pp | 46.22%-44.9pp | 169.23%-167.9pp |
| Employer contribution / active EE | $948 | $2,153-56.0% | $3,323-71.5% | $1,963-51.7% |
| Participant deferral / active EE | $1,933 | $3,437-43.8% | $5,121-62.3% | $3,054-36.7% |
| Admin fee / account holder | $123 | $302-59.2% | $6,144-98.0% | $504-75.6% |