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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,978 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $16,013 | $37,134-56.9% | $100,671-84.1% | $52,331-69.4% |
| Participation rate | 35.1% | 57.7%-22.5pp | 70.7%-35.6pp | 68.1%-33.0pp |
| Annual return | -2.04% | 0.10%-2.1pp | 20.43%-22.5pp | 4.54%-6.6pp |
| Employer contribution / active EE | $292 | $1,187-75.4% | $4,012-92.7% | $1,882-84.5% |
| Participant deferral / active EE | $1,027 | $2,163-52.5% | $3,144-67.3% | $3,022-66.0% |
| Admin fee / account holder | $202 | $467-56.7% | $4,850-95.8% | $592-65.8% |