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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $67,598 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $58,497 | $46,332+26.3% | $143,797-59.3% | $64,824-9.8% |
| Participation rate | 67.9% | 64.2%+3.6pp | 80.3%-12.5pp | 71.5%-3.6pp |
| Annual return | -4.48% | -10.05%+5.6pp | -0.04%-4.4pp | 32.84%-37.3pp |
| Employer contribution / active EE | $6,798 | $1,911+255.7% | $4,952+37.3% | $2,507+171.1% |
| Participant deferral / active EE | $6,727 | $2,647+154.1% | $5,638+19.3% | $4,311+56.0% |
| Admin fee / account holder | $157 | $154+2.2% | $14,679-98.9% | $188-16.3% |