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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 64 · EIN 42-0127290 | Recordkeeping Fees | $20,391 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $2,208 |
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 | $16,256 | $62,267-73.9% | $110,243-85.3% | $55,725-70.8% |
| Participation rate | 66.2% | 78.1%-12.0pp | 79.8%-13.7pp | 70.9%-4.7pp |
| Annual return | -3.80% | -1.07%-2.7pp | 314.76%-318.6pp | 244.93%-248.7pp |
| Employer contribution / active EE | $0 | $1,941-100.0% | $3,827-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $1,875 | $3,516-46.7% | $4,672-59.9% | $3,356-44.1% |
| Admin fee / account holder | $108 | $121-10.5% | $8,548-98.7% | $115-6.1% |