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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,978 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,457 | $58,888-29.6% | $178,498-76.8% | $73,493-43.6% |
| Participation rate | 27.5% | 66.2%-38.8pp | 81.9%-54.5pp | 70.7%-43.2pp |
| Annual return | 13.14% | 24.86%-11.7pp | 151.09%-138.0pp | 28.51%-15.4pp |
| Employer contribution / active EE | $543 | $2,236-75.7% | $5,011-89.2% | $2,270-76.1% |
| Participant deferral / active EE | $686 | $2,568-73.3% | $5,202-86.8% | $3,740-81.7% |
| Admin fee / account holder | $323 | $400-19.3% | $13,985-97.7% | $513-37.1% |