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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $117,234 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,600 | $84,784-22.6% | $98,461-33.4% | $74,460-11.9% |
| Participation rate | 61.6% | 81.5%-19.9pp | 75.2%-13.6pp | 70.7%-9.1pp |
| Annual return | 16.87% | 20.59%-3.7pp | 21.17%-4.3pp | 34.38%-17.5pp |
| Employer contribution / active EE | $1,409 | $3,364-58.1% | $3,049-53.8% | $2,638-46.6% |
| Participant deferral / active EE | $2,524 | $5,218-51.6% | $4,738-46.7% | $4,530-44.3% |
| Admin fee / account holder | $193 | $204-5.7% | $8,961-97.8% | $348-44.6% |