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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSUARANCE COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $26,225 |
Service code 49 · EIN 52-2114207 | Other Services | $12,113 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $13,757 | $56,095-75.5% | $178,503-92.3% | $90,274-84.8% |
| Participation rate | 17.5% | 65.6%-48.0pp | 81.9%-64.4pp | 73.4%-55.8pp |
| Annual return | 28.00% | 28.81%-0.8pp | 151.12%-123.1pp | 53.97%-26.0pp |
| Employer contribution / active EE | $220 | $1,572-86.0% | $5,011-95.6% | $2,523-91.3% |
| Participant deferral / active EE | $603 | $2,669-77.4% | $5,202-88.4% | $4,231-85.7% |
| Admin fee / account holder | $104 | $101+3.0% | $13,987-99.3% | $114-9.1% |