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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $286 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $16,953 | $45,283-62.6% | $155,789-89.1% | $52,331-67.6% |
| Participation rate | 47.6% | 62.2%-14.6pp | 76.1%-28.5pp | 68.1%-20.5pp |
| Annual return | -4.77% | 1.80%-6.6pp | 71.54%-76.3pp | 4.54%-9.3pp |
| Employer contribution / active EE | $0 | $1,329-100.0% | $3,839-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,690 | $2,854-40.8% | $4,798-64.8% | $3,022-44.1% |
| Admin fee / account holder | $4 | $981-99.6% | $7,477-99.9% | $592-99.3% |