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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,917 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $78,226 | $47,969+63.1% | $85,969-9.0% | $52,331+49.5% |
| Participation rate | 22.2% | 61.7%-39.5pp | 76.5%-54.3pp | 68.1%-45.9pp |
| Annual return | 0.54% | -0.13%+0.7pp | 9.32%-8.8pp | 4.54%-4.0pp |
| Employer contribution / active EE | $530 | $1,460-63.7% | $3,474-84.7% | $1,882-71.8% |
| Participant deferral / active EE | $1,934 | $2,110-8.4% | $3,829-49.5% | $3,022-36.0% |
| Admin fee / account holder | $20 | $530-96.2% | $6,053-99.7% | $592-96.6% |