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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,499 |
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 | $47,271 | $70,917-33.3% | $98,920-52.2% | $73,497-35.7% |
| Participation rate | 38.0% | 73.8%-35.8pp | 76.0%-38.1pp | 70.7%-32.7pp |
| Annual return | 5.00% | 34.18%-29.2pp | 196.47%-191.5pp | 28.51%-23.5pp |
| Employer contribution / active EE | $618 | $2,037-69.7% | $2,689-77.0% | $2,270-72.8% |
| Participant deferral / active EE | $1,199 | $3,501-65.7% | $4,245-71.7% | $3,740-67.9% |
| Admin fee / account holder | $361 | $535-32.5% | $6,643-94.6% | $513-29.6% |