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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,190 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $8,003 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,438 | $36,904-36.5% | $158,223-85.2% | $65,191-64.0% |
| Participation rate | 49.8% | 62.1%-12.3pp | 79.2%-29.4pp | 63.0%-13.2pp |
| Annual return | 11.61% | 24.43%-12.8pp | 52.09%-40.5pp | 51.24%-39.6pp |
| Employer contribution / active EE | $350 | $1,489-76.5% | $4,109-91.5% | $2,400-85.4% |
| Participant deferral / active EE | $1,205 | $1,936-37.8% | $5,467-78.0% | $2,671-54.9% |
| Admin fee / account holder | $59 | $793-92.6% | $16,047-99.6% | $907-93.5% |