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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIAPL LIFE INSURANCE COMPANY Service code 13 · EIN 42-1027290 | Contract Administrator | $11,048 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $9,627 |
METRO BENEFITS, INC.5 years Filed as: METRO BENEFITS Service code 49 · EIN 25-1541083 8150 PERRY HIGHWAY · PITTSBURGH, PA 15237 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $169,469 | $56,134+201.9% | $96,192+76.2% | $85,851+97.4% |
| Participation rate | 27.5% | 56.7%-29.2pp | 68.4%-40.9pp | 69.3%-41.8pp |
| Annual return | 17.45% | 42.30%-24.9pp | 192.09%-174.6pp | 318.63%-301.2pp |
| Employer contribution / active EE | $999 | $1,620-38.4% | $2,799-64.3% | $2,565-61.1% |
| Participant deferral / active EE | $2,399 | $2,858-16.1% | $4,351-44.9% | $3,952-39.3% |
| Admin fee / account holder | $591 | $3,769-84.3% | $5,539-89.3% | $6,261-90.6% |