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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,854 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $16,132 | $38,969-58.6% | $109,313-85.2% | $55,167-70.8% |
| Participation rate | 38.7% | 58.2%-19.6pp | 71.3%-32.6pp | 69.0%-30.3pp |
| Annual return | 11.68% | 8.26%+3.4pp | 22.07%-10.4pp | 169.23%-157.5pp |
| Employer contribution / active EE | $310 | $1,227-74.7% | $3,892-92.0% | $1,963-84.2% |
| Participant deferral / active EE | $1,009 | $2,176-53.6% | $3,166-68.1% | $3,054-67.0% |
| Admin fee / account holder | $134 | $501-73.3% | $5,666-97.6% | $504-73.4% |