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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,965 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,260 | $69,383-70.8% | $101,271-80.0% | $73,493-72.4% |
| Participation rate | 22.6% | 68.4%-45.7pp | 75.8%-53.2pp | 70.7%-48.1pp |
| Annual return | 23.25% | 18.46%+4.8pp | 46.48%-23.2pp | 28.51%-5.3pp |
| Employer contribution / active EE | $844 | $2,628-67.9% | $3,660-76.9% | $2,270-62.8% |
| Participant deferral / active EE | $1,155 | $3,301-65.0% | $4,371-73.6% | $3,740-69.1% |
| Admin fee / account holder | $167 | $704-76.3% | $5,948-97.2% | $513-67.5% |