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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,930 |
Service code 49 · EIN 52-2114207 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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.
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 | $9,561 | $80,177-88.1% | $123,894-92.3% | $57,658-83.4% |
| Participation rate | 49.9% | 74.4%-24.5pp | 81.4%-31.5pp | 70.2%-20.3pp |
| Annual return | 28.14% | 17.90%+10.2pp | 47.52%-19.4pp | 5.13%+23.0pp |
| Employer contribution / active EE | $0 | $2,913-100.0% | $4,617-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $3,057 | $5,130-40.4% | $5,984-48.9% | $3,061-0.1% |
| Admin fee / account holder | $16 | $106-85.4% | $8,357-99.8% | $95-83.5% |