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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $167,319 |
Service code 49 · EIN 74-2794194 | Other Services | $24,605 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,214 | $93,131-1.0% | $106,554-13.5% | $86,821+6.2% |
| Participation rate | 69.5% | 81.4%-11.9pp | 76.1%-6.6pp | 72.3%-2.8pp |
| Annual return | 12.56% | 19.45%-6.9pp | 26.80%-14.2pp | 97.94%-85.4pp |
| Employer contribution / active EE | $1,771 | $2,895-38.8% | $2,819-37.2% | $2,406-26.4% |
| Participant deferral / active EE | $3,549 | $4,708-24.6% | $4,398-19.3% | $4,132-14.1% |
| Admin fee / account holder | $313 | $145+115.5% | $7,408-95.8% | $170+84.4% |