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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,557 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $84,737 | $57,108+48.4% | $94,229-10.1% | $52,331+61.9% |
| Participation rate | 63.5% | 72.9%-9.5pp | 78.8%-15.3pp | 68.1%-4.6pp |
| Annual return | 0.27% | 1.47%-1.2pp | 10.68%-10.4pp | 4.54%-4.3pp |
| Employer contribution / active EE | $2,080 | $1,735+19.8% | $3,587-42.0% | $1,882+10.5% |
| Participant deferral / active EE | $4,662 | $3,040+53.4% | $4,320+7.9% | $3,022+54.3% |
| Admin fee / account holder | $28 | $546-94.9% | $6,269-99.6% | $592-95.3% |