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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $39,336 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,239 | $107,378-77.4% | $108,582-77.7% | $57,658-58.0% |
| Participation rate | 98.2% | 77.1%+21.1pp | 79.6%+18.6pp | 70.2%+28.0pp |
| Annual return | 7.77% | 12.80%-5.0pp | -51.70%+59.5pp | 5.13%+2.6pp |
| Employer contribution / active EE | $1,109 | $1,782-37.8% | $3,758-70.5% | $1,974-43.8% |
| Participant deferral / active EE | $1,138 | $3,221-64.7% | $4,311-73.6% | $3,061-62.8% |
| Admin fee / account holder | $90 | $108-16.6% | $7,645-98.8% | $95-4.3% |