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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO. Service code 13 · EIN 42-0127290 | Contract Administrator | $11,670 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,449 | $51,197-50.3% | $82,719-69.2% | $66,914-62.0% |
| Participation rate | 26.9% | 67.8%-40.9pp | 72.6%-45.6pp | 69.8%-42.9pp |
| Annual return | -20.59% | -9.64%-11.0pp | 701.18%-721.8pp | 1.58%-22.2pp |
| Employer contribution / active EE | $0 | $2,611-100.0% | $3,009-100.0% | $2,544-100.0% |
| Participant deferral / active EE | $1,550 | $3,458-55.2% | $4,395-64.7% | $4,237-63.4% |
| Admin fee / account holder | $335 | $416-19.3% | $5,329-93.7% | $593-43.5% |