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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,564 |
Service code 49 · EIN 93-0987232 | Other Services | $14,095 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,457 | $66,528-60.2% | $86,615-69.5% | $86,821-69.5% |
| Participation rate | 32.7% | 72.4%-39.7pp | 71.6%-38.9pp | 72.3%-39.6pp |
| Annual return | 16.15% | 19.56%-3.4pp | 63.51%-47.4pp | 97.94%-81.8pp |
| Employer contribution / active EE | $775 | $2,007-61.4% | $2,496-69.0% | $2,406-67.8% |
| Participant deferral / active EE | $1,314 | $3,240-59.5% | $3,699-64.5% | $4,132-68.2% |
| Admin fee / account holder | $247 | $148+67.1% | $5,830-95.8% | $170+45.9% |