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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,455 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,359 | $63,114-66.2% | $92,909-77.0% | $65,185-67.2% |
| Participation rate | 15.0% | 68.8%-53.8pp | 76.0%-61.0pp | 70.2%-55.2pp |
| Annual return | 19.90% | 28.75%-8.8pp | 109.44%-89.5pp | 29.38%-9.5pp |
| Employer contribution / active EE | $0 | $2,571-100.0% | $3,653-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $327 | $3,108-89.5% | $4,238-92.3% | $3,514-90.7% |
| Admin fee / account holder | $123 | $624-80.2% | $5,795-97.9% | $847-85.4% |