| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $366,434 |
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.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $1,108,440 | $101,523+991.8% | $141,200+685.0% | $77,775+1325.2% |
| Participation rate | 0.0% | 77.4%-77.4pp | 82.5%-82.5pp | 73.2%-73.2pp |
| Annual return | 386.62% | 56.22%+330.4pp | 71.41%+315.2pp | 32.58%+354.0pp |
| Employer contribution / active EE | $3,061 | $3,341-8.4% | $4,736-35.4% | $2,504+22.2% |
| Participant deferral / active EE | $6,553 | $6,434+1.9% | $6,710-2.3% | $3,966+65.2% |
| Admin fee / account holder | $2,013 | $92+2099.5% | $10,265-80.4% | $100+1911.9% |