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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,320 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,498 | $48,313-55.5% | $73,309-70.7% | $52,331-58.9% |
| Participation rate | 56.3% | 68.6%-12.2pp | 74.9%-18.6pp | 68.1%-11.8pp |
| Annual return | 13.78% | 3.85%+9.9pp | 5.67%+8.1pp | 4.54%+9.2pp |
| Employer contribution / active EE | $0 | $1,661-100.0% | $3,237-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $3,586 | $4,189-14.4% | $4,991-28.2% | $3,022+18.6% |
| Admin fee / account holder | $202 | $404-50.0% | $5,635-96.4% | $592-65.8% |