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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $216,941 |
Service code 27 · EIN 47-5476782 | Advisory (Plan) | $60,761 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,894 | $98,780-81.9% | $60,919-70.6% | $77,906-77.0% |
| Participation rate | 38.8% | 76.7%-37.9pp | 73.1%-34.3pp | 73.7%-34.9pp |
| Annual return | -12.26% | -11.56%-0.7pp | 16.98%-29.2pp | 12.16%-24.4pp |
| Employer contribution / active EE | $1,080 | $3,605-70.0% | $2,704-60.1% | $2,846-62.1% |
| Participant deferral / active EE | $1,668 | $4,200-60.3% | $3,814-56.3% | $4,805-65.3% |
| Admin fee / account holder | $149 | $89+68.5% | $3,226-95.4% | $133+12.6% |