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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $33,194 |
Service code 27 · EIN 81-0635433 | Advisory (Plan) | $9,000 |
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.)
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 | $71,323 | $42,546+67.6% | $71,796-0.7% | $55,167+29.3% |
| Participation rate | 65.4% | 59.1%+6.3pp | 69.1%-3.7pp | 69.0%-3.6pp |
| Annual return | 6.88% | 12.36%-5.5pp | 78.04%-71.2pp | 169.23%-162.3pp |
| Employer contribution / active EE | $0 | $803-100.0% | $1,924-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $3,635 | $2,064+76.1% | $2,794+30.1% | $3,054+19.0% |
| Admin fee / account holder | $443 | $650-31.9% | $4,815-90.8% | $504-12.2% |