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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $115,178 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,800 | $44,626-35.5% | $86,188-66.6% | $80,160-64.1% |
| Participation rate | 19.5% | 63.5%-44.0pp | 69.0%-49.5pp | 72.9%-53.4pp |
| Annual return | 36.09% | 19.61%+16.5pp | 1168.45%-1132.4pp | 40.38%-4.3pp |
| Employer contribution / active EE | $58 | $1,099-94.7% | $2,380-97.6% | $2,978-98.0% |
| Participant deferral / active EE | $1,328 | $2,769-52.0% | $3,985-66.7% | $5,017-73.5% |
| Admin fee / account holder | $159 | $133+19.2% | $6,852-97.7% | $145+9.5% |