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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO. Service code 13 · EIN 42-0127290 | Contract Administrator | $5,727 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,260 | $51,620-70.4% | $90,304-83.1% | $65,185-76.6% |
| Participation rate | 29.1% | 68.6%-39.6pp | 73.3%-44.2pp | 70.2%-41.1pp |
| Annual return | 15.59% | 24.94%-9.3pp | 78.13%-62.5pp | 29.38%-13.8pp |
| Employer contribution / active EE | $0 | $2,235-100.0% | $2,855-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,006 | $2,871-65.0% | $3,885-74.1% | $3,514-71.4% |
| Admin fee / account holder | $147 | $384-61.8% | $5,354-97.3% | $847-82.7% |