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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $72,459 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $15,213 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $5,962 | $31,741-81.2% | $56,025-89.4% | $200,096-97.0% |
| Participation rate | 11.2% | 32.3%-21.2pp | 52.5%-41.3pp | 72.0%-60.8pp |
| Annual return | 14.23% | 14.72%-0.5pp | 1712.69%-1698.5pp | 34.26%-20.0pp |
| Employer contribution / active EE | $0 | $508-100.0% | $1,042-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $157 | $1,184-86.7% | $1,955-91.9% | $5,090-96.9% |
| Admin fee / account holder | $125 | $426-70.8% | $2,828-95.6% | $269-53.8% |