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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,335 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,122 | $52,306+30.2% | $69,779-2.4% | $62,881+8.3% |
| Participation rate | 45.0% | 67.2%-22.2pp | 71.8%-26.8pp | 69.3%-24.3pp |
| Annual return | 6.58% | 13.35%-6.8pp | 12.99%-6.4pp | 20.14%-13.6pp |
| Employer contribution / active EE | $157 | $1,799-91.3% | $2,338-93.3% | $2,281-93.1% |
| Participant deferral / active EE | $1,967 | $2,395-17.9% | $2,931-32.9% | $3,203-38.6% |
| Admin fee / account holder | $89 | $3,691-97.6% | $4,381-98.0% | $4,296-97.9% |