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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $234,670 |
Service code 27 · EIN 46-5576228 | Advisory (Plan) | $110,022 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,363 | $95,388-77.6% | $125,381-83.0% | $77,906-72.6% |
| Participation rate | 93.5% | 78.6%+14.9pp | 82.4%+11.1pp | 73.7%+19.8pp |
| Annual return | -7.03% | 116.19%-123.2pp | 572.31%-579.3pp | 12.16%-19.2pp |
| Employer contribution / active EE | $0 | $3,666-100.0% | $4,815-100.0% | $2,846-100.0% |
| Participant deferral / active EE | $7,791 | $7,711+1.0% | $7,448+4.6% | $4,805+62.1% |
| Admin fee / account holder | $115 | $119-3.5% | $10,007-98.9% | $133-13.5% |