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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 04-2012729 | Contract Administrator | $22,140 |
Service code 37 · EIN 04-2647786 | Loan Processing | $8,934 |
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.
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 | $16,395 | $82,163-80.0% | $125,363-86.9% | $64,814-74.7% |
| Participation rate | 95.5% | 77.9%+17.6pp | 82.4%+13.1pp | 71.5%+24.0pp |
| Annual return | -3.90% | 3.49%-7.4pp | 572.15%-576.0pp | 32.84%-36.7pp |
| Employer contribution / active EE | $0 | $3,616-100.0% | $4,815-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $5,840 | $7,175-18.6% | $7,447-21.6% | $4,310+35.5% |
| Admin fee / account holder | $97 | $163-40.5% | $10,005-99.0% | $188-48.3% |