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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $23,232 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $50,140 | $63,924-21.6% | $108,582-53.8% | $55,167-9.1% |
| Participation rate | 42.5% | 74.3%-31.9pp | 79.6%-37.1pp | 69.0%-26.5pp |
| Annual return | 4.26% | 15.31%-11.0pp | -51.70%+56.0pp | 169.23%-165.0pp |
| Employer contribution / active EE | $615 | $1,879-67.3% | $3,758-83.6% | $1,963-68.7% |
| Participant deferral / active EE | $1,361 | $3,067-55.6% | $4,311-68.4% | $3,054-55.4% |
| Admin fee / account holder | $422 | $618-31.6% | $7,645-94.5% | $504-16.2% |