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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,679 |
Filed as: VOYA FINANCIAL ADVISORS Service code 49 · EIN 41-0945505 | Other Services | $5,536 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,363 | $64,954-31.7% | $115,752-61.7% | $62,293-28.8% |
| Participation rate | 43.0% | 73.0%-30.0pp | 77.8%-34.8pp | 69.5%-26.5pp |
| Annual return | 32.73% | 24.87%+7.9pp | 19.41%+13.3pp | 28.90%+3.8pp |
| Employer contribution / active EE | $557 | $2,344-76.2% | $3,492-84.1% | $2,042-72.7% |
| Participant deferral / active EE | $953 | $3,665-74.0% | $5,204-81.7% | $3,169-69.9% |
| Admin fee / account holder | $83 | $414-79.9% | $6,278-98.7% | $479-82.7% |