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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,595 |
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.)
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 | $103,480 | $70,002+47.8% | $115,038-10.0% | $52,331+97.7% |
| Participation rate | 55.6% | 72.1%-16.5pp | 81.4%-25.7pp | 68.1%-12.5pp |
| Annual return | -1.06% | 4.04%-5.1pp | 26.14%-27.2pp | 4.54%-5.6pp |
| Employer contribution / active EE | $1,549 | $2,715-43.0% | $4,608-66.4% | $1,882-17.7% |
| Participant deferral / active EE | $4,174 | $4,920-15.1% | $6,026-30.7% | $3,022+38.1% |
| Admin fee / account holder | $376 | $566-33.5% | $8,175-95.4% | $592-36.4% |