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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $56,802 |
Service code 49 · EIN 41-0973005 | Other Services | $23,449 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,920 | $83,884-51.2% | $64,097-36.2% | $74,473-45.1% |
| Participation rate | 46.6% | 76.6%-30.0pp | 72.3%-25.8pp | 70.7%-24.2pp |
| Annual return | 15.83% | 16.57%-0.7pp | 33.75%-17.9pp | 34.36%-18.5pp |
| Employer contribution / active EE | $0 | $3,084-100.0% | $2,750-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $1,950 | $3,692-47.2% | $3,881-49.8% | $4,530-57.0% |
| Admin fee / account holder | $323 | $196+64.6% | $3,070-89.5% | $347-7.0% |