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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSUARANCE COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $17,640 |
Service code 49 · EIN 52-2114207 | Other Services | $8,327 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $16,665 | $62,928-73.5% | $172,753-90.4% | $67,582-75.3% |
| Participation rate | 22.5% | 64.5%-42.0pp | 82.6%-60.2pp | 71.3%-48.8pp |
| Annual return | 72.64% | 30.36%+42.3pp | 803.00%-730.4pp | 378.57%-305.9pp |
| Employer contribution / active EE | $340 | $1,636-79.2% | $5,144-93.4% | $2,148-84.2% |
| Participant deferral / active EE | $1,146 | $2,145-46.6% | $5,198-78.0% | $3,539-67.6% |
| Admin fee / account holder | $138 | $167-17.3% | $13,956-99.0% | $142-3.2% |