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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $30,273 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $0 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $61,292 | $59,186+3.6% | $76,768-20.2% | $56,287+8.9% |
| Participation rate | 48.2% | 75.2%-27.0pp | 77.0%-28.8pp | 69.9%-21.7pp |
| Annual return | -11.16% | 6.62%-17.8pp | 2.43%-13.6pp | -9.96%-1.2pp |
| Employer contribution / active EE | $493 | $1,759-71.9% | $2,485-80.1% | $2,111-76.6% |
| Participant deferral / active EE | $2,647 | $3,255-18.7% | $3,852-31.3% | $3,350-21.0% |
| Admin fee / account holder | $522 | $489+6.7% | $6,675-92.2% | $521+0.2% |