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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,518 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,168 | $52,293-71.0% | $178,503-91.5% | $73,412-79.3% |
| Participation rate | 14.8% | 65.3%-50.6pp | 81.9%-67.2pp | 72.2%-57.4pp |
| Annual return | 24.67% | 34.75%-10.1pp | 151.12%-126.4pp | 59.30%-34.6pp |
| Employer contribution / active EE | $127 | $1,736-92.7% | $5,011-97.5% | $2,234-94.3% |
| Participant deferral / active EE | $863 | $2,333-63.0% | $5,202-83.4% | $3,806-77.3% |
| Admin fee / account holder | $112 | $127-12.0% | $13,987-99.2% | $158-29.0% |