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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,116 |
Participant contribution per participant 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $37,455 | $59,186-36.7% | $76,768-51.2% | $56,287-33.5% |
| Participation rate | 83.3% | 75.2%+8.1pp | 77.0%+6.4pp | 69.9%+13.5pp |
| Annual return | 1.97% | 6.62%-4.6pp | 2.43%-0.5pp | -9.96%+11.9pp |
| Employer contribution / active EE | $487 | $1,759-72.3% | $2,485-80.4% | $2,111-76.9% |
| Participant deferral / active EE | $1,482 | $3,255-54.5% | $3,852-61.5% | $3,350-55.8% |
| Admin fee / account holder | $10 | $489-98.0% | $6,675-99.9% | $521-98.1% |