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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $33,086 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $13,914 |
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.)
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 | $66,257 | $98,760-32.9% | $149,715-55.7% | $79,858-17.0% |
| Participation rate | 67.2% | 75.8%-8.6pp | 82.5%-15.3pp | 69.6%-2.4pp |
| Annual return | 15.24% | 27.43%-12.2pp | 276.66%-261.4pp | 31.72%-16.5pp |
| Employer contribution / active EE | $755 | $3,217-76.5% | $4,645-83.8% | $2,471-69.5% |
| Participant deferral / active EE | $2,357 | $5,681-58.5% | $6,842-65.5% | $3,740-37.0% |
| Admin fee / account holder | $473 | $6,053-92.2% | $9,310-94.9% | $5,306-91.1% |