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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392 | Contract Administrator | $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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $47,969 | $47,9770% | $154,114-68.9% | $56,287-14.8% |
| Participation rate | 28.4% | 66.2%-37.8pp | 83.0%-54.7pp | 69.9%-41.5pp |
| Annual return | -5.43% | 3.54%-9.0pp | 735.16%-740.6pp | -9.96%+4.5pp |
| Employer contribution / active EE | $191 | $2,169-91.2% | $5,298-96.4% | $2,111-91.0% |
| Participant deferral / active EE | $1,119 | $2,392-53.2% | $5,081-78.0% | $3,350-66.6% |
| Admin fee / account holder | $325 | $438-25.9% | $13,411-97.6% | $521-37.7% |