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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,567 |
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.
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 | $66,122 | $60,165+9.9% | $74,184-10.9% | $55,167+19.9% |
| Participation rate | 35.3% | 74.2%-38.9pp | 76.6%-41.3pp | 69.0%-33.7pp |
| Annual return | 5.90% | 10.00%-4.1pp | 17.74%-11.8pp | 169.23%-163.3pp |
| Employer contribution / active EE | $371 | $1,600-76.8% | $2,370-84.3% | $1,963-81.1% |
| Participant deferral / active EE | $1,735 | $2,973-41.6% | $3,550-51.1% | $3,054-43.2% |
| Admin fee / account holder | $81 | $419-80.7% | $5,586-98.5% | $504-83.9% |