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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $77,898 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $82,107 | $136,853-40.0% | $130,231-37.0% | $80,149+2.4% |
| Participation rate | 39.9% | 81.6%-41.7pp | 76.3%-36.4pp | 72.9%-33.0pp |
| Annual return | 22.89% | 22.66%+0.2pp | 38.77%-15.9pp | 40.39%-17.5pp |
| Employer contribution / active EE | $3,795 | $3,395+11.8% | $4,126-8.0% | $2,977+27.5% |
| Participant deferral / active EE | $3,888 | $5,856-33.6% | $6,799-42.8% | $5,015-22.5% |
| Admin fee / account holder | $122 | $184-33.4% | $6,020-98.0% | $145-15.5% |