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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $23,992 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $48,591 | $48,5760% | $169,452-71.3% | $56,289-13.7% |
| Participation rate | 27.7% | 65.8%-38.1pp | 77.8%-50.1pp | 69.9%-42.1pp |
| Annual return | -8.55% | -2.51%-6.0pp | 1.83%-10.4pp | -9.96%+1.4pp |
| Employer contribution / active EE | $340 | $1,559-78.2% | $4,157-91.8% | $2,111-83.9% |
| Participant deferral / active EE | $1,485 | $3,275-54.7% | $5,277-71.9% | $3,350-55.7% |
| Admin fee / account holder | $615 | $435+41.4% | $9,110-93.2% | $521+18.1% |