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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,909 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $45,367 | $33,067+37.2% | $76,518-40.7% | $56,289-19.4% |
| Participation rate | 24.6% | 55.4%-30.8pp | 68.0%-43.4pp | 69.9%-45.3pp |
| Annual return | 0.00% | 2.72%-2.7pp | -0.27%+0.3pp | -9.96%+10.0pp |
| Employer contribution / active EE | $1,144 | $1,200-4.7% | $2,647-56.8% | $2,111-45.8% |
| Participant deferral / active EE | $1,198 | $2,240-46.5% | $3,836-68.8% | $3,350-64.2% |
| Admin fee / account holder | $445 | $537-17.1% | $4,849-90.8% | $521-14.6% |