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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $53,818 |
Service code 13 · EIN 35-2552359 | Contract Administrator | $14,996 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $80,871 | $43,504+85.9% | $68,612+17.9% | $56,289+43.7% |
| Participation rate | 73.0% | 67.8%+5.1pp | 72.2%+0.7pp | 69.9%+3.1pp |
| Annual return | -0.97% | -3.15%+2.2pp | -4.63%+3.7pp | -9.96%+9.0pp |
| Employer contribution / active EE | $1,163 | $1,525-23.7% | $2,625-55.7% | $2,111-44.9% |
| Participant deferral / active EE | $2,807 | $2,509+11.9% | $3,311-15.2% | $3,350-16.2% |
| Admin fee / account holder | $393 | $515-23.6% | $5,131-92.3% | $521-24.5% |