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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO, Service code 13 · EIN 42-0127290 | Contract Administrator | $9,671 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,753 | $27,632-71.9% | $61,452-87.4% | $68,486-88.7% |
| Participation rate | 64.4% | 39.5%+24.9pp | 52.6%+11.9pp | 67.9%-3.4pp |
| Annual return | -25.71% | -13.24%-12.5pp | 338.96%-364.7pp | -7.85%-17.9pp |
| Employer contribution / active EE | $1,784 | $696+156.4% | $1,160+53.8% | $2,597-31.3% |
| Participant deferral / active EE | $2,537 | $1,264+100.8% | $2,125+19.4% | $4,028-37.0% |
| Admin fee / account holder | $189 | $2,010-90.6% | $2,131-91.1% | $5,404-96.5% |