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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $116,440 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,672 | $48,744-47.3% | $93,727-72.6% | $200,096-87.2% |
| Participation rate | 20.5% | 63.7%-43.2pp | 68.7%-48.2pp | 72.0%-51.5pp |
| Annual return | 16.35% | 15.36%+1.0pp | 133.83%-117.5pp | 34.26%-17.9pp |
| Employer contribution / active EE | $59 | $1,140-94.8% | $2,421-97.6% | $3,038-98.1% |
| Participant deferral / active EE | $1,286 | $2,825-54.5% | $4,417-70.9% | $5,090-74.7% |
| Admin fee / account holder | $124 | $195-36.7% | $8,292-98.5% | $269-54.1% |