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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,052 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,420 | $79,438-50.4% | $106,555-63.0% | $79,391-50.3% |
| Participation rate | 16.1% | 74.2%-58.1pp | 76.1%-60.1pp | 70.7%-54.7pp |
| Annual return | 13.16% | 18.27%-5.1pp | 26.80%-13.6pp | 116.88%-103.7pp |
| Employer contribution / active EE | $0 | $2,235-100.0% | $2,819-100.0% | $2,428-100.0% |
| Participant deferral / active EE | $707 | $3,824-81.5% | $4,399-83.9% | $4,046-82.5% |
| Admin fee / account holder | $490 | $523-6.4% | $7,408-93.4% | $627-21.8% |