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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE COMPANRY Service code 13 · EIN 42-0127290 | Contract Administrator | $7,224 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $27,554 | $65,453-57.9% | $86,698-68.2% | $66,938-58.8% |
| Participation rate | 38.7% | 75.5%-36.8pp | 76.6%-37.9pp | 69.8%-31.1pp |
| Annual return | -12.82% | -10.89%-1.9pp | 35.95%-48.8pp | 1.58%-14.4pp |
| Employer contribution / active EE | $975 | $2,154-54.7% | $2,837-65.6% | $2,545-61.7% |
| Participant deferral / active EE | $2,772 | $4,102-32.4% | $4,656-40.5% | $4,238-34.6% |
| Admin fee / account holder | $114 | $642-82.2% | $7,493-98.5% | $594-80.7% |