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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 68-0005849 1320 HARBOR BAY PARKWAY, SUITE 210 · ALAMEDA, CA 94502 | Contract Administrator | $23,424 |
Filed as: PRINCIPAL LIFE INSURANCE CO. Service code 13 · EIN 42-0127290 P.O. BOX 9394 · DES MOINES, IA 50306 | Contract Administrator | $8,018 |
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.
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 | $106,458 | $95,369+11.6% | $135,942-21.7% | $74,440+43.0% |
| Participation rate | 66.3% | 78.2%-12.0pp | 81.9%-15.7pp | 70.7%-4.5pp |
| Annual return | 25.39% | 32.72%-7.3pp | 68.28%-42.9pp | 34.37%-9.0pp |
| Employer contribution / active EE | $0 | $3,878-100.0% | $4,858-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $6,058 | $7,788-22.2% | $7,759-21.9% | $4,529+33.8% |
| Admin fee / account holder | $67 | $266-75.0% | $10,764-99.4% | $348-80.9% |