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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,118 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $8,648 | $62,928-86.3% | $172,753-95.0% | $67,582-87.2% |
| Participation rate | 98.5% | 64.5%+34.0pp | 82.6%+15.8pp | 71.3%+27.2pp |
| Annual return | 17.30% | 30.36%-13.1pp | 803.00%-785.7pp | 378.57%-361.3pp |
| Employer contribution / active EE | $501 | $1,636-69.4% | $5,144-90.3% | $2,148-76.7% |
| Participant deferral / active EE | $530 | $2,145-75.3% | $5,198-89.8% | $3,539-85.0% |
| Admin fee / account holder | $97 | $167-42.0% | $13,956-99.3% | $142-32.1% |