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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,739 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $29,227 | $32,037-8.8% | $69,182-57.8% | $62,881-53.5% |
| Participation rate | 52.1% | 43.4%+8.7pp | 55.1%-3.0pp | 69.3%-17.2pp |
| Annual return | 6.58% | 15.16%-8.6pp | -21.93%+28.5pp | 20.14%-13.6pp |
| Employer contribution / active EE | $1,430 | $679+110.5% | $1,206+18.6% | $2,281-37.3% |
| Participant deferral / active EE | $2,587 | $1,185+118.3% | $1,897+36.4% | $3,203-19.2% |
| Admin fee / account holder | $71 | $2,608-97.3% | $2,697-97.4% | $4,296-98.4% |