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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,560 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $52,537 | $43,423+21.0% | $78,676-33.2% | $55,167-4.8% |
| Participation rate | 68.9% | 68.0%+0.8pp | 73.6%-4.7pp | 69.0%-0.1pp |
| Annual return | 8.04% | 11.53%-3.5pp | 62.19%-54.1pp | 169.23%-161.2pp |
| Employer contribution / active EE | $617 | $1,997-69.1% | $2,850-78.4% | $1,963-68.6% |
| Participant deferral / active EE | $2,392 | $2,509-4.7% | $3,517-32.0% | $3,054-21.7% |
| Admin fee / account holder | $17 | $416-96.0% | $4,510-99.6% | $504-96.7% |