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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $27,500 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $131,408 | $78,682+67.0% | $109,188+20.3% | $85,851+53.1% |
| Participation rate | 58.4% | 68.3%-9.8pp | 75.9%-17.4pp | 69.3%-10.9pp |
| Annual return | 16.98% | 25.09%-8.1pp | 25.76%-8.8pp | 318.63%-301.7pp |
| Employer contribution / active EE | $777 | $2,734-71.6% | $3,723-79.1% | $2,565-69.7% |
| Participant deferral / active EE | $3,544 | $3,468+2.2% | $4,654-23.8% | $3,952-10.3% |
| Admin fee / account holder | $367 | $5,470-93.3% | $6,755-94.6% | $6,261-94.1% |