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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,283 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $11,311 | $36,767-69.2% | $81,473-86.1% | $62,293-81.8% |
| Participation rate | 44.5% | 54.4%-9.9pp | 68.0%-23.4pp | 69.5%-25.0pp |
| Annual return | 23.08% | 173.80%-150.7pp | 38.78%-15.7pp | 28.90%-5.8pp |
| Employer contribution / active EE | $0 | $1,128-100.0% | $2,568-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,350 | $2,111+11.3% | $3,537-33.6% | $3,169-25.9% |
| Admin fee / account holder | $91 | $797-88.6% | $4,561-98.0% | $479-81.0% |