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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,427 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $2,119 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $89,679 | $73,638+21.8% | $95,960-6.5% | $73,493+22.0% |
| Participation rate | 51.0% | 76.2%-25.2pp | 77.1%-26.1pp | 70.7%-19.7pp |
| Annual return | 12.20% | 16.78%-4.6pp | 91.63%-79.4pp | 28.51%-16.3pp |
| Employer contribution / active EE | $489 | $1,863-73.7% | $2,541-80.7% | $2,270-78.4% |
| Participant deferral / active EE | $2,754 | $3,617-23.9% | $4,167-33.9% | $3,740-26.4% |
| Admin fee / account holder | $690 | $482+43.2% | $6,797-89.8% | $513+34.6% |