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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,582 |
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 | $18,625 | $78,483-76.3% | $106,201-82.5% | $74,546-75.0% |
| Participation rate | 100.0% | 72.8%+27.2pp | 75.3%+24.7pp | 67.2%+32.8pp |
| Annual return | 23.02% | 15.94%+7.1pp | 116.26%-93.2pp | 1366.03%-1343.0pp |
| Employer contribution / active EE | $824 | $2,522-67.3% | $3,170-74.0% | $2,624-68.6% |
| Participant deferral / active EE | $1,961 | $4,320-54.6% | $5,012-60.9% | $4,347-54.9% |
| Admin fee / account holder | $23 | $2,236-99.0% | $11,039-99.8% | $1,944-98.8% |