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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $30,839 |
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.)
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 | $52,001 | $66,319-21.6% | $93,621-44.5% | $65,186-20.2% |
| Participation rate | 33.0% | 74.0%-41.0pp | 75.8%-42.9pp | 70.2%-37.2pp |
| Annual return | 3.78% | 42.59%-38.8pp | 32.76%-29.0pp | 29.39%-25.6pp |
| Employer contribution / active EE | $596 | $2,013-70.4% | $2,719-78.1% | $2,177-72.6% |
| Participant deferral / active EE | $1,146 | $3,343-65.7% | $4,070-71.8% | $3,514-67.4% |
| Admin fee / account holder | $372 | $6,900-94.6% | $7,890-95.3% | $847-56.1% |