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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $14,931 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,118 | $50,498-70.1% | $75,784-80.1% | $55,191-72.6% |
| Participation rate | 21.7% | 69.4%-47.7pp | 75.8%-54.1pp | 69.2%-47.4pp |
| Annual return | -3.05% | 1.80%-4.8pp | 9.68%-12.7pp | 10.78%-13.8pp |
| Employer contribution / active EE | $767 | $2,291-66.5% | $3,323-76.9% | $1,899-59.6% |
| Participant deferral / active EE | $1,170 | $2,589-54.8% | $3,652-68.0% | $3,046-61.6% |
| Admin fee / account holder | $157 | $123+27.7% | $5,300-97.0% | $91+73.1% |