| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $231,303 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $25,738 | $88,874-71.0% | $123,553-79.2% | $75,289-65.8% |
| Participation rate | 56.4% | 75.9%-19.5pp | 82.3%-25.9pp | 72.4%-16.0pp |
| Annual return | 9.95% | 4.22%+5.7pp | 119.21%-109.3pp | -0.04%+10.0pp |
| Employer contribution / active EE | $2,202 | $3,256-32.4% | $4,628-52.4% | $2,405-8.4% |
| Participant deferral / active EE | $4,292 | $6,174-30.5% | $6,426-33.2% | $3,739+14.8% |
| Admin fee / account holder | $135 | $95+43.2% | $9,284-98.5% | $102+32.4% |