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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,687 |
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 | $10,076 | $69,383-85.5% | $101,271-90.1% | $73,493-86.3% |
| Participation rate | 54.1% | 68.4%-14.2pp | 75.8%-21.7pp | 70.7%-16.5pp |
| Annual return | 15.57% | 18.46%-2.9pp | 46.48%-30.9pp | 28.51%-12.9pp |
| Employer contribution / active EE | $713 | $2,628-72.9% | $3,660-80.5% | $2,270-68.6% |
| Participant deferral / active EE | $1,302 | $3,301-60.6% | $4,371-70.2% | $3,740-65.2% |
| Admin fee / account holder | $58 | $704-91.8% | $5,948-99.0% | $513-88.7% |