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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,815 |
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 | $26,375 | $100,801-73.8% | $149,745-82.4% | $73,412-64.1% |
| Participation rate | 49.9% | 77.7%-27.8pp | 82.5%-32.6pp | 72.2%-22.2pp |
| Annual return | 26.39% | 265.34%-238.9pp | 276.72%-250.3pp | 59.30%-32.9pp |
| Employer contribution / active EE | $0 | $3,312-100.0% | $4,646-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $3,782 | $6,404-40.9% | $6,843-44.7% | $3,806-0.6% |
| Admin fee / account holder | $12 | $181-93.5% | $9,312-99.9% | $158-92.6% |