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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,457 |
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.
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 | $11,372 | $46,332-75.5% | $143,799-92.1% | $64,819-82.5% |
| Participation rate | 16.3% | 64.2%-48.0pp | 80.3%-64.0pp | 71.5%-55.2pp |
| Annual return | 32.84% | -10.05%+42.9pp | -0.04%+32.9pp | 32.84%0pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $718 | $2,647-72.9% | $5,638-87.3% | $4,311-83.3% |
| Admin fee / account holder | $25 | $154-83.6% | $14,677-99.8% | $188-86.6% |