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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $43,910 |
Filed as: GALLAGHER BENEFIT SERVICES INC Service code 49 · EIN 36-4291971 | Other Services | $8,261 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
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 | $14,488 | $120,450-88.0% | $159,474-90.9% | $93,010-84.4% |
| Participation rate | 34.5% | 78.0%-43.4pp | 82.8%-48.3pp | 73.9%-39.4pp |
| Annual return | 392.26% | 27.11%+365.2pp | 263.68%+128.6pp | 158.70%+233.6pp |
| Employer contribution / active EE | $719 | $3,526-79.6% | $4,831-85.1% | $2,705-73.4% |
| Participant deferral / active EE | $1,319 | $7,283-81.9% | $7,353-82.1% | $4,561-71.1% |
| Admin fee / account holder | $107 | $137-21.5% | $10,802-99.0% | $152-29.2% |