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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $481 |
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $1,573 | $31,109-94.9% | $67,711-97.7% | $52,331-97.0% |
| Participation rate | 48.2% | 54.0%-5.8pp | 67.5%-19.3pp | 68.1%-19.9pp |
| Annual return | 0.00% | 23.70%-23.7pp | 25.41%-25.4pp | 4.54%-4.5pp |
| Employer contribution / active EE | $214 | $1,076-80.1% | $2,559-91.6% | $1,882-88.6% |
| Participant deferral / active EE | $562 | $1,970-71.5% | $3,585-84.3% | $3,022-81.4% |
| Admin fee / account holder | $7 | $466-98.6% | $4,255-99.8% | $592-98.9% |