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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,835 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,361 | $51,769-78.1% | $57,343-80.2% | $52,331-78.3% |
| Participation rate | 59.2% | 75.2%-16.0pp | 75.1%-15.9pp | 68.1%-8.9pp |
| Annual return | -2.71% | 2.43%-5.1pp | 24.39%-27.1pp | 4.54%-7.3pp |
| Employer contribution / active EE | $1,157 | $2,335-50.5% | $2,689-57.0% | $1,882-38.5% |
| Participant deferral / active EE | $1,689 | $2,794-39.6% | $3,162-46.6% | $3,022-44.1% |
| Admin fee / account holder | $91 | $295-69.1% | $3,356-97.3% | $592-84.6% |