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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $17,987 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $44,354 | $59,467-25.4% | $93,727-52.7% | $74,478-40.4% |
| Participation rate | 40.2% | 59.6%-19.4pp | 68.7%-28.5pp | 67.2%-27.0pp |
| Annual return | 14.64% | 82.14%-67.5pp | 133.83%-119.2pp | 1370.56%-1355.9pp |
| Employer contribution / active EE | $439 | $1,267-65.4% | $2,421-81.9% | $2,626-83.3% |
| Participant deferral / active EE | $1,150 | $3,052-62.3% | $4,417-74.0% | $4,350-73.6% |
| Admin fee / account holder | $179 | $3,028-94.1% | $8,292-97.8% | $1,946-90.8% |