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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 | $46,464+165.8% | $150,298-17.8% | $79,634+55.1% |
| Participation rate | 45.3% | 57.0%-11.6pp | 77.8%-32.4pp | 62.5%-17.1pp |
| Annual return | 11.55% | 27.89%-16.3pp | 62.79%-51.2pp | 36.46%-24.9pp |
| Employer contribution / active EE | $886 | $1,512-41.4% | $4,154-78.7% | $2,529-65.0% |
| Participant deferral / active EE | $3,222 | $2,157+49.4% | $5,453-40.9% | $3,835-16.0% |
| Admin fee / account holder | $371 | $891-58.4% | $14,116-97.4% | $1,002-63.0% |