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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $243,230 |
Service code 27 · EIN 39-1828175 | Advisory (Plan) | $118,590 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $41,105 | $101,523-59.5% | $141,200-70.9% | $77,775-47.1% |
| Participation rate | 97.7% | 77.4%+20.3pp | 82.5%+15.2pp | 73.2%+24.5pp |
| Annual return | 38.09% | 56.22%-18.1pp | 71.41%-33.3pp | 32.58%+5.5pp |
| Employer contribution / active EE | $1,956 | $3,341-41.5% | $4,736-58.7% | $2,504-21.9% |
| Participant deferral / active EE | $5,667 | $6,434-11.9% | $6,710-15.5% | $3,966+42.9% |
| Admin fee / account holder | $66 | $92-27.9% | $10,265-99.4% | $100-34.0% |