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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,683 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,461 | $37,418-77.4% | $77,081-89.0% | $77,906-89.1% |
| Participation rate | 9.8% | 46.9%-37.1pp | 67.9%-58.1pp | 73.7%-63.9pp |
| Annual return | 0.00% | -7.13%+7.1pp | 42.33%-42.3pp | 12.16%-12.2pp |
| Employer contribution / active EE | $36 | $1,200-97.0% | $2,813-98.7% | $2,846-98.7% |
| Participant deferral / active EE | $1,011 | $2,572-60.7% | $4,428-77.2% | $4,805-79.0% |
| Admin fee / account holder | $83 | $126-34.4% | $5,427-98.5% | $133-37.6% |