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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,158 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,440 | $45,872-79.4% | $77,081-87.8% | $68,495-86.2% |
| Participation rate | 16.0% | 55.9%-39.9pp | 67.9%-51.9pp | 67.9%-51.9pp |
| Annual return | 0.00% | 1.73%-1.7pp | 42.33%-42.3pp | -7.84%+7.8pp |
| Employer contribution / active EE | $304 | $1,650-81.6% | $2,813-89.2% | $2,596-88.3% |
| Participant deferral / active EE | $826 | $2,963-72.1% | $4,428-81.3% | $4,028-79.5% |
| Admin fee / account holder | $89 | $3,041-97.1% | $5,427-98.4% | $5,403-98.4% |