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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $34,812 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,780 | $113,016-56.8% | $103,486-52.9% | $74,459-34.5% |
| Participation rate | 72.9% | 80.8%-7.9pp | 80.5%-7.7pp | 67.2%+5.6pp |
| Annual return | 10.43% | 23.24%-12.8pp | 23.93%-13.5pp | 1369.70%-1359.3pp |
| Employer contribution / active EE | $1,366 | $4,881-72.0% | $4,679-70.8% | $2,626-48.0% |
| Participant deferral / active EE | $2,288 | $7,279-68.6% | $6,628-65.5% | $4,350-47.4% |
| Admin fee / account holder | $308 | $1,709-82.0% | $9,354-96.7% | $1,945-84.2% |