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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,023 |
Service code 37 · EIN 04-2647786 | Loan Processing | $191 |
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.
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 | $88,426 | $50,643+74.6% | $106,619-17.1% | $55,167+60.3% |
| Participation rate | 37.3% | 65.6%-28.2pp | 78.0%-40.7pp | 69.0%-31.7pp |
| Annual return | 6.51% | 7.02%-0.5pp | 9.42%-2.9pp | 169.23%-162.7pp |
| Employer contribution / active EE | $431 | $1,626-73.5% | $3,947-89.1% | $1,963-78.1% |
| Participant deferral / active EE | $1,740 | $2,208-21.2% | $3,930-55.7% | $3,054-43.0% |
| Admin fee / account holder | $30 | $488-94.0% | $6,418-99.5% | $504-94.1% |