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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,535 |
Service code 27 · EIN 47-3030907 | Advisory (Plan) | $27,667 |
Service code 13 · EIN 62-0842964 | Contract Administrator | $9,590 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $33,886 | $80,005-57.6% | $140,019-75.8% | $55,725-39.2% |
| Participation rate | 55.6% | 87.0%-31.4pp | 87.5%-31.9pp | 70.9%-15.3pp |
| Annual return | -3.96% | 0.46%-4.4pp | 651.17%-655.1pp | 244.93%-248.9pp |
| Employer contribution / active EE | $1,010 | $3,403-70.3% | $5,605-82.0% | $2,078-51.4% |
| Participant deferral / active EE | $3,750 | $5,264-28.8% | $6,927-45.9% | $3,356+11.8% |
| Admin fee / account holder | $395 | $116+241.5% | $10,705-96.3% | $115+242.9% |