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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,261 |
Service code 49 · EIN 51-6041053 | Other Services | $5,876 |
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.)
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 | $84,694 | $48,053+76.2% | $84,623+0.1% | $72,983+16.0% |
| Participation rate | 59.1% | 57.6%+1.5pp | 68.2%-9.1pp | 69.5%-10.4pp |
| Annual return | 20.52% | 37.39%-16.9pp | 258.77%-238.3pp | 81.01%-60.5pp |
| Employer contribution / active EE | $0 | $1,602-100.0% | $2,652-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $1,272 | $2,681-52.5% | $3,899-67.4% | $3,608-64.7% |
| Admin fee / account holder | $304 | $3,395-91.0% | $4,913-93.8% | $5,124-94.1% |