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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,440 |
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).
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 | $13,496 | $37,117-63.6% | $147,618-90.9% | $55,191-75.5% |
| Participation rate | 34.6% | 63.6%-29.0pp | 84.6%-50.0pp | 69.2%-34.6pp |
| Annual return | -0.68% | 3.44%-4.1pp | 61.98%-62.7pp | 10.78%-11.5pp |
| Employer contribution / active EE | $247 | $1,620-84.8% | $5,565-95.6% | $1,899-87.0% |
| Participant deferral / active EE | $952 | $1,985-52.0% | $4,895-80.6% | $3,046-68.7% |
| Admin fee / account holder | $17 | $86-79.8% | $11,612-99.9% | $91-80.9% |