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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $25,943 |
Filed as: MML INSURANCE AGENCY LLC Service code 49 · EIN 04-3109325 | Other Services | $8,661 |
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.
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 | $9,034 | $71,964-87.4% | $167,512-94.6% | $85,563-89.4% |
| Participation rate | 61.8% | 61.0%+0.8pp | 77.1%-15.3pp | 66.0%-4.2pp |
| Annual return | 20.91% | 18.83%+2.1pp | 1615.79%-1594.9pp | 31.51%-10.6pp |
| Employer contribution / active EE | $303 | $1,875-83.9% | $3,882-92.2% | $2,654-88.6% |
| Participant deferral / active EE | $1,560 | $4,110-62.0% | $6,405-75.6% | $4,375-64.4% |
| Admin fee / account holder | $136 | $815-83.3% | $9,769-98.6% | $834-83.7% |