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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,265 |
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 | $22,355 | $71,666-68.8% | $117,861-81.0% | $69,631-67.9% |
| Participation rate | 96.5% | 77.5%+19.0pp | 79.7%+16.8pp | 70.7%+25.8pp |
| Annual return | 19.71% | 18.86%+0.9pp | 335.11%-315.4pp | 27571.02%-27551.3pp |
| Employer contribution / active EE | $1,448 | $1,889-23.4% | $3,786-61.8% | $2,032-28.8% |
| Participant deferral / active EE | $1,011 | $3,340-69.7% | $4,482-77.4% | $3,224-68.6% |
| Admin fee / account holder | $76 | $120-36.8% | $8,021-99.1% | $110-31.1% |