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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,304 |
Service code 27 · EIN 20-5322603 | Advisory (Plan) | $15,396 |
Employer contribution per participant 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 | $50,766 | $70,917-28.4% | $98,920-48.7% | $73,497-30.9% |
| Participation rate | 71.2% | 73.8%-2.6pp | 76.0%-4.9pp | 70.7%+0.5pp |
| Annual return | 14.24% | 34.18%-19.9pp | 196.47%-182.2pp | 28.51%-14.3pp |
| Employer contribution / active EE | $352 | $2,037-82.7% | $2,689-86.9% | $2,270-84.5% |
| Participant deferral / active EE | $1,661 | $3,501-52.6% | $4,245-60.9% | $3,740-55.6% |
| Admin fee / account holder | $259 | $535-51.6% | $6,643-96.1% | $513-49.6% |