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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,772 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,284 | $64,176-59.0% | $112,249-76.6% | $66,938-60.7% |
| Participation rate | 2.1% | 68.4%-66.3pp | 75.1%-72.9pp | 69.8%-67.7pp |
| Annual return | -6.63% | -13.80%+7.2pp | 27.48%-34.1pp | 1.58%-8.2pp |
| Employer contribution / active EE | $0 | $3,007-100.0% | $3,636-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $43 | $3,694-98.8% | $4,729-99.1% | $4,238-99.0% |
| Admin fee / account holder | $355 | $626-43.3% | $6,412-94.5% | $594-40.3% |