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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,706 |
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 | $2,610 | $101,539-97.4% | $147,041-98.2% | $74,400-96.5% |
| Participation rate | 48.4% | 75.5%-27.1pp | 82.2%-33.8pp | 67.2%-18.8pp |
| Annual return | 0.00% | 8740.84%-8740.8pp | 419.21%-419.2pp | 1367.51%-1367.5pp |
| Employer contribution / active EE | $0 | $3,811-100.0% | $4,935-100.0% | $2,624-100.0% |
| Participant deferral / active EE | $2,887 | $7,304-60.5% | $8,071-64.2% | $4,348-33.6% |
| Admin fee / account holder | $89 | $1,749-94.9% | $13,006-99.3% | $1,944-95.4% |