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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,866 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,012 | $60,989-88.5% | $60,899-88.5% | $66,930-89.5% |
| Participation rate | 19.5% | 74.5%-55.0pp | 73.1%-53.6pp | 69.8%-50.3pp |
| Annual return | -15.26% | -9.60%-5.7pp | 16.92%-32.2pp | 1.57%-16.8pp |
| Employer contribution / active EE | $0 | $2,661-100.0% | $2,702-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $396 | $3,615-89.1% | $3,817-89.6% | $4,238-90.7% |
| Admin fee / account holder | $111 | $338-67.3% | $3,225-96.6% | $593-81.3% |