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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,419 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,567 | $93,182-83.3% | $146,665-89.4% | $79,386-80.4% |
| Participation rate | 50.0% | 76.4%-26.4pp | 80.1%-30.1pp | 70.7%-20.7pp |
| Annual return | 14.76% | 21.61%-6.9pp | 22.74%-8.0pp | 116.85%-102.1pp |
| Employer contribution / active EE | $0 | $2,420-100.0% | $4,136-100.0% | $2,427-100.0% |
| Participant deferral / active EE | $442 | $4,169-89.4% | $5,506-92.0% | $4,046-89.1% |
| Admin fee / account holder | $57 | $585-90.2% | $10,280-99.4% | $626-90.8% |