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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,136,908 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,882 | $129,756-57.7% | $170,055-67.7% | $103,657-47.1% |
| Participation rate | 95.1% | 91.3%+3.9pp | 87.0%+8.1pp | 73.4%+21.8pp |
| Annual return | 20.42% | 20.17%+0.2pp | 53.43%-33.0pp | 33.13%-12.7pp |
| Employer contribution / active EE | $2,540 | $5,236-51.5% | $6,790-62.6% | $3,216-21.0% |
| Participant deferral / active EE | $5,112 | $8,283-38.3% | $10,410-50.9% | $5,218-2.0% |
| Admin fee / account holder | $96 | $73+31.7% | $12,828-99.3% | $114-15.9% |