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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $41,654 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $11,996 | $37,418-67.9% | $77,096-84.4% | $77,906-84.6% |
| Participation rate | 92.7% | 46.9%+45.8pp | 67.9%+24.8pp | 73.7%+19.0pp |
| Annual return | -15.63% | -7.13%-8.5pp | 42.35%-58.0pp | 12.16%-27.8pp |
| Employer contribution / active EE | $454 | $1,200-62.2% | $2,814-83.9% | $2,846-84.1% |
| Participant deferral / active EE | $2,112 | $2,572-17.9% | $4,429-52.3% | $4,805-56.0% |
| Admin fee / account holder | $118 | $126-6.6% | $5,428-97.8% | $133-11.2% |