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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,134 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $14,833 | $50,666-70.7% | $76,667-80.7% | $65,186-77.2% |
| Participation rate | 26.9% | 68.8%-41.9pp | 72.1%-45.2pp | 70.2%-43.3pp |
| Annual return | 29.00% | 28.51%+0.5pp | 1166.74%-1137.7pp | 29.39%-0.4pp |
| Employer contribution / active EE | $750 | $1,575-52.4% | $2,303-67.4% | $2,177-65.6% |
| Participant deferral / active EE | $1,219 | $2,647-54.0% | $3,336-63.5% | $3,514-65.3% |
| Admin fee / account holder | $226 | $463-51.2% | $6,423-96.5% | $847-73.3% |