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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $56,474 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,863 | $92,186-17.7% | $105,624-28.2% | $77,762-2.4% |
| Participation rate | 63.3% | 81.0%-17.8pp | 75.3%-12.0pp | 70.6%-7.3pp |
| Annual return | 12.63% | 17.83%-5.2pp | 116.20%-103.6pp | 31.27%-18.6pp |
| Employer contribution / active EE | $1,692 | $3,376-49.9% | $3,168-46.6% | $2,728-38.0% |
| Participant deferral / active EE | $3,405 | $5,395-36.9% | $5,013-32.1% | $4,651-26.8% |
| Admin fee / account holder | $181 | $219-17.4% | $10,961-98.3% | $433-58.2% |