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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $57,801 |
Service code 49 · EIN 74-2794194 | Other Services | $11,251 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,895 | $59,220-14.1% | $96,570-47.3% | $79,391-35.9% |
| Participation rate | 57.7% | 61.9%-4.2pp | 69.8%-12.1pp | 70.7%-13.0pp |
| Annual return | 15.03% | 27.08%-12.1pp | 37.79%-22.8pp | 116.88%-101.9pp |
| Employer contribution / active EE | $0 | $1,216-100.0% | $2,357-100.0% | $2,428-100.0% |
| Participant deferral / active EE | $3,906 | $2,948+32.5% | $3,849+1.5% | $4,046-3.5% |
| Admin fee / account holder | $388 | $659-41.1% | $6,182-93.7% | $627-38.1% |