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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $23,184 |
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 | $10,740 | $52,293-79.5% | $178,503-94.0% | $73,412-85.4% |
| Participation rate | 99.4% | 65.3%+34.0pp | 81.9%+17.4pp | 72.2%+27.2pp |
| Annual return | 12.94% | 34.75%-21.8pp | 151.12%-138.2pp | 59.30%-46.4pp |
| Employer contribution / active EE | $2,462 | $1,736+41.8% | $5,011-50.9% | $2,234+10.2% |
| Participant deferral / active EE | $623 | $2,333-73.3% | $5,202-88.0% | $3,806-83.6% |
| Admin fee / account holder | $72 | $127-43.6% | $13,987-99.5% | $158-54.5% |