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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,795 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,146 | $55,449-43.8% | $83,831-62.8% | $56,289-44.7% |
| Participation rate | 13.0% | 68.0%-55.0pp | 76.1%-63.2pp | 69.9%-56.9pp |
| Annual return | -4.89% | -1.38%-3.5pp | 850.99%-855.9pp | -9.96%+5.1pp |
| Employer contribution / active EE | $0 | $2,430-100.0% | $3,631-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $101 | $2,935-96.5% | $4,082-97.5% | $3,350-97.0% |
| Admin fee / account holder | $340 | $656-48.2% | $5,479-93.8% | $521-34.8% |