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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,304 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $14,523 |
Service code 27 · EIN 82-3226180 | Advisory (Plan) | $11,837 |
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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,033 | $70,908+11.5% | $98,907-20.1% | $73,488+7.5% |
| Participation rate | 67.6% | 73.8%-6.2pp | 76.0%-8.5pp | 70.7%-3.1pp |
| Annual return | 7.79% | 34.17%-26.4pp | 196.43%-188.6pp | 28.51%-20.7pp |
| Employer contribution / active EE | $839 | $2,036-58.8% | $2,689-68.8% | $2,270-63.1% |
| Participant deferral / active EE | $3,753 | $3,500+7.2% | $4,244-11.6% | $3,740+0.4% |
| Admin fee / account holder | $532 | $535-0.5% | $6,642-92.0% | $513+3.7% |