Filed March 21, 2025
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $82 |
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 | $1,581 | $41,647-96.2% | $96,192-98.4% | $86,821-98.2% |
| Participation rate | 1.5% | 50.3%-48.7pp | 68.4%-66.9pp | 72.3%-70.7pp |
| Annual return | 0.00% | 27.24%-27.2pp | 192.09%-192.1pp | 97.94%-97.9pp |
| Employer contribution / active EE | $0 | $1,328-100.0% | $2,799-100.0% | $2,406-100.0% |
| Participant deferral / active EE | $48 | $2,412-98.0% | $4,351-98.9% | $4,132-98.8% |
| Admin fee / account holder | $14 | $169-91.9% | $5,539-99.8% | $170-91.9% |