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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,447 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,407 | $52,293-78.2% | $178,503-93.6% | $73,412-84.5% |
| Participation rate | 65.2% | 65.3%-0.2pp | 81.9%-16.7pp | 72.2%-7.0pp |
| Annual return | 16.00% | 34.75%-18.8pp | 151.12%-135.1pp | 59.30%-43.3pp |
| Employer contribution / active EE | $0 | $1,736-100.0% | $5,011-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $1,372 | $2,333-41.2% | $5,202-73.6% | $3,806-64.0% |
| Admin fee / account holder | $17 | $127-86.5% | $13,987-99.9% | $158-89.1% |