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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,952 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,497 | $58,726-94.0% | $92,239-96.2% | $62,293-94.4% |
| Participation rate | 64.7% | 68.3%-3.6pp | 76.5%-11.8pp | 69.5%-4.8pp |
| Annual return | 68.18% | 43.62%+24.6pp | 176.29%-108.1pp | 28.90%+39.3pp |
| Employer contribution / active EE | $905 | $2,392-62.2% | $3,680-75.4% | $2,042-55.7% |
| Participant deferral / active EE | $1,167 | $2,766-57.8% | $3,897-70.0% | $3,169-63.2% |
| Admin fee / account holder | $63 | $556-88.8% | $5,194-98.8% | $479-87.0% |