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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,477 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $1,925 | $23,385-91.8% | $69,182-97.2% | $57,658-96.7% |
| Participation rate | 46.6% | 37.9%+8.7pp | 55.1%-8.5pp | 70.2%-23.7pp |
| Annual return | 6.76% | -659.34%+666.1pp | -21.93%+28.7pp | 5.13%+1.6pp |
| Employer contribution / active EE | $0 | $422-100.0% | $1,206-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $295 | $843-65.0% | $1,897-84.5% | $3,061-90.4% |
| Admin fee / account holder | $20 | $82-75.5% | $2,697-99.3% | $95-78.7% |