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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,930 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $1,208 | $50,898-97.6% | $171,082-99.3% | $55,167-97.8% |
| Participation rate | 78.1% | 63.3%+14.8pp | 76.7%+1.4pp | 69.0%+9.1pp |
| Annual return | 0.00% | 15.34%-15.3pp | 32.56%-32.6pp | 169.23%-169.2pp |
| Employer contribution / active EE | $0 | $1,433-100.0% | $4,002-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,057 | $2,994-64.7% | $4,797-78.0% | $3,054-65.4% |
| Admin fee / account holder | $28 | $500-94.5% | $8,520-99.7% | $504-94.5% |