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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $64,241 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $21,287 |
RSM US LLP1 year Service code 10 · EIN 42-0714325 | Accounting | $11,550 |
DRISCOLL, MATHEW3+ years Service code 49 2302 W 1ST ST STE 201E · CEDAR FALLS, IA 506131854 | Other Services | $8,229 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $58,850 | $44,059+33.6% | $71,671-17.9% | $69,631-15.5% |
| Participation rate | 61.6% | 60.8%+0.8pp | 68.7%-7.2pp | 70.7%-9.1pp |
| Annual return | 23.14% | 21.97%+1.2pp | 20.65%+2.5pp | 27571.02%-27547.9pp |
| Employer contribution / active EE | $728 | $1,305-44.2% | $2,460-70.4% | $2,032-64.2% |
| Participant deferral / active EE | $2,391 | $2,370+0.9% | $3,438-30.5% | $3,224-25.8% |
| Admin fee / account holder | $308 | $108+186.2% | $5,558-94.5% | $110+179.1% |