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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $49,399 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $48,327 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $86,626 | $64,286+34.8% | $90,970-4.8% | $73,412+18.0% |
| Participation rate | 66.8% | 63.6%+3.2pp | 69.0%-2.2pp | 72.2%-5.4pp |
| Annual return | 13.95% | 21.46%-7.5pp | 134.58%-120.6pp | 59.30%-45.3pp |
| Employer contribution / active EE | $467 | $895-47.8% | $2,122-78.0% | $2,234-79.1% |
| Participant deferral / active EE | $4,032 | $2,453+64.4% | $3,373+19.5% | $3,806+6.0% |
| Admin fee / account holder | $366 | $287+27.5% | $5,960-93.9% | $158+131.8% |