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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,968 |
Service code 49 · EIN 74-2794194 | Other Services | $8,759 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,338 | $54,573-9.6% | $90,970-45.8% | $73,497-32.9% |
| Participation rate | 51.2% | 61.2%-10.0pp | 69.0%-17.8pp | 70.7%-19.5pp |
| Annual return | 14.50% | 16.69%-2.2pp | 134.60%-120.1pp | 28.51%-14.0pp |
| Employer contribution / active EE | $0 | $991-100.0% | $2,122-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $2,485 | $2,517-1.2% | $3,373-26.3% | $3,740-33.5% |
| Admin fee / account holder | $349 | $521-33.1% | $5,961-94.2% | $513-32.1% |