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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $17,665 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,664 | $56,047-15.0% | $98,716-51.7% | $79,634-40.1% |
| Participation rate | 40.4% | 54.6%-14.2pp | 69.3%-28.9pp | 62.5%-22.1pp |
| Annual return | 14.73% | 17.58%-2.9pp | 31.81%-17.1pp | 36.46%-21.7pp |
| Employer contribution / active EE | $419 | $1,237-66.2% | $2,279-81.6% | $2,529-83.5% |
| Participant deferral / active EE | $1,086 | $2,469-56.0% | $4,048-73.2% | $3,835-71.7% |
| Admin fee / account holder | $177 | $1,512-88.3% | $8,703-98.0% | $1,002-82.4% |