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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $164 |
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,657 | $46,325-89.9% | $143,788-96.8% | $64,814-92.8% |
| Participation rate | 1.9% | 64.2%-62.3pp | 80.3%-78.4pp | 71.5%-69.5pp |
| Annual return | 0.00% | -10.05%+10.1pp | -0.03%0pp | 32.84%-32.8pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $68 | $2,647-97.4% | $5,638-98.8% | $4,310-98.4% |
| Admin fee / account holder | $11 | $154-92.9% | $14,675-99.9% | $188-94.2% |