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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,148 |
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 | $7,028 | $46,173-84.8% | $170,435-95.9% | $69,631-89.9% |
| Participation rate | 98.1% | 63.9%+34.2pp | 83.6%+14.5pp | 70.7%+27.4pp |
| Annual return | 13.26% | 21.62%-8.4pp | 205.94%-192.7pp | 27571.02%-27557.8pp |
| Employer contribution / active EE | $474 | $1,610-70.6% | $5,432-91.3% | $2,032-76.7% |
| Participant deferral / active EE | $396 | $2,080-81.0% | $4,939-92.0% | $3,224-87.7% |
| Admin fee / account holder | $84 | $116-27.3% | $13,881-99.4% | $110-23.7% |