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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,415 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $18,754 | $58,888-68.2% | $178,498-89.5% | $73,493-74.5% |
| Participation rate | 67.7% | 66.2%+1.5pp | 81.9%-14.2pp | 70.7%-3.0pp |
| Annual return | 4.56% | 24.86%-20.3pp | 151.09%-146.5pp | 28.51%-24.0pp |
| Employer contribution / active EE | $455 | $2,236-79.7% | $5,011-90.9% | $2,270-80.0% |
| Participant deferral / active EE | $1,559 | $2,568-39.3% | $5,202-70.0% | $3,740-58.3% |
| Admin fee / account holder | $89 | $400-77.8% | $13,985-99.4% | $513-82.6% |