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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,977 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $7,134 | $54,590-86.9% | $81,716-91.3% | $73,493-90.3% |
| Participation rate | 91.2% | 68.3%+22.9pp | 72.0%+19.2pp | 70.7%+20.5pp |
| Annual return | 15.01% | 17.74%-2.7pp | 29.49%-14.5pp | 28.51%-13.5pp |
| Employer contribution / active EE | $64 | $1,636-96.1% | $4,310-98.5% | $2,270-97.2% |
| Participant deferral / active EE | $1,707 | $2,759-38.1% | $7,108-76.0% | $3,740-54.4% |
| Admin fee / account holder | $73 | $592-87.7% | $5,159-98.6% | $513-85.8% |