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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,594 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,874 | $29,369-18.7% | $77,552-69.2% | $73,412-67.5% |
| Participation rate | 39.4% | 37.9%+1.5pp | 54.2%-14.8pp | 72.2%-32.8pp |
| Annual return | 14.26% | 358.15%-343.9pp | 54.82%-40.6pp | 59.30%-45.0pp |
| Employer contribution / active EE | $417 | $406+2.8% | $987-57.7% | $2,234-81.3% |
| Participant deferral / active EE | $518 | $941-45.0% | $1,861-72.2% | $3,806-86.4% |
| Admin fee / account holder | $166 | $123+35.5% | $2,859-94.2% | $158+5.3% |