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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $33,031 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,071 | $101,795-48.8% | $165,100-68.5% | $80,959-35.7% |
| Participation rate | 47.8% | 71.8%-24.0pp | 78.6%-30.8pp | 67.7%-19.8pp |
| Annual return | 11.95% | 16.73%-4.8pp | 70.21%-58.3pp | 35.67%-23.7pp |
| Employer contribution / active EE | $757 | $2,954-74.4% | $4,348-82.6% | $2,757-72.5% |
| Participant deferral / active EE | $3,499 | $4,476-21.8% | $6,035-42.0% | $4,300-18.6% |
| Admin fee / account holder | $371 | $8,221-95.5% | $12,696-97.1% | $6,925-94.6% |