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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,461 |
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 | $45,381 | $88,324-48.6% | $115,037-60.6% | $55,191-17.8% |
| Participation rate | 52.8% | 72.5%-19.7pp | 81.4%-28.5pp | 69.2%-16.3pp |
| Annual return | 0.08% | 6.30%-6.2pp | 26.14%-26.1pp | 10.78%-10.7pp |
| Employer contribution / active EE | $1,711 | $2,805-39.0% | $4,608-62.9% | $1,899-9.9% |
| Participant deferral / active EE | $2,244 | $5,042-55.5% | $6,026-62.8% | $3,046-26.3% |
| Admin fee / account holder | $29 | $105-72.6% | $8,175-99.6% | $91-68.2% |