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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $53,727 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $16,123 |
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 | $123,504 | $36,904+234.7% | $158,223-21.9% | $65,191+89.5% |
| Participation rate | 45.3% | 62.1%-16.8pp | 79.2%-33.9pp | 63.0%-17.6pp |
| Annual return | 11.55% | 24.43%-12.9pp | 52.09%-40.5pp | 51.24%-39.7pp |
| Employer contribution / active EE | $886 | $1,489-40.5% | $4,109-78.4% | $2,400-63.1% |
| Participant deferral / active EE | $3,222 | $1,936+66.4% | $5,467-41.1% | $2,671+20.6% |
| Admin fee / account holder | $371 | $793-53.3% | $16,047-97.7% | $907-59.1% |