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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $239,619 |
Service code 27 · EIN 47-5476782 | Advisory (Plan) | $8,740 |
Filed as: ROORDA, PIQUET & BESEE, INC. Service code 10 · EIN 33-0252865 | Accounting | $8,500 |
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 | $22,705 | $105,179-78.4% | $64,110-64.6% | $80,187-71.7% |
| Participation rate | 52.8% | 73.5%-20.7pp | 72.3%-19.5pp | 72.9%-20.1pp |
| Annual return | 19.53% | 20.34%-0.8pp | 33.75%-14.2pp | 40.40%-20.9pp |
| Employer contribution / active EE | $1,071 | $3,311-67.6% | $2,751-61.0% | $2,980-64.0% |
| Participant deferral / active EE | $1,672 | $4,020-58.4% | $3,883-56.9% | $5,016-66.7% |
| Admin fee / account holder | $168 | $113+48.6% | $3,071-94.5% | $145+16.0% |