Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $23,368 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $52,424 | $50,947+2.9% | $74,551-29.7% | $64,173-18.3% |
| Participation rate | 54.0% | 61.1%-7.0pp | 69.1%-15.1pp | 69.6%-15.5pp |
| Annual return | -6.89% | -1.85%-5.0pp | 32.53%-39.4pp | 7.63%-14.5pp |
| Employer contribution / active EE | $563 | $1,115-49.6% | $1,961-71.3% | $2,381-76.4% |
| Participant deferral / active EE | $2,729 | $2,302+18.6% | $3,108-12.2% | $3,470-21.4% |
| Admin fee / account holder | $316 | $4,221-92.5% | $5,059-93.8% | $4,887-93.5% |