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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,779 |
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.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,867 | $74,089-30.0% | $133,980-61.3% | $55,167-6.0% |
| Participation rate | 37.9% | 84.3%-46.4pp | 87.1%-49.2pp | 69.0%-31.1pp |
| Annual return | 8.72% | 12.11%-3.4pp | 29.30%-20.6pp | 169.23%-160.5pp |
| Employer contribution / active EE | $1,003 | $3,064-67.3% | $5,211-80.8% | $1,963-48.9% |
| Participant deferral / active EE | $4,046 | $4,678-13.5% | $6,282-35.6% | $3,054+32.5% |
| Admin fee / account holder | $220 | $458-51.9% | $9,324-97.6% | $504-56.3% |