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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,441 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $42,266 | $66,319-36.3% | $93,621-54.9% | $65,186-35.2% |
| Participation rate | 0.0% | 74.0%-74.0pp | 75.8%-75.8pp | 70.2%-70.2pp |
| Annual return | 31.88% | 42.59%-10.7pp | 32.76%-0.9pp | 29.39%+2.5pp |
| Employer contribution / active EE | $939 | $2,013-53.4% | $2,719-65.5% | $2,177-56.9% |
| Participant deferral / active EE | $2,972 | $3,343-11.1% | $4,070-27.0% | $3,514-15.4% |
| Admin fee / account holder | $69 | $6,900-99.0% | $7,890-99.1% | $847-91.9% |