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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $53,450 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,798 | $81,948-19.7% | $90,766-27.5% | $64,824+1.5% |
| Participation rate | 68.2% | 80.5%-12.2pp | 75.7%-7.5pp | 71.5%-3.2pp |
| Annual return | -11.17% | -12.53%+1.4pp | -12.16%+1.0pp | 32.84%-44.0pp |
| Employer contribution / active EE | $1,721 | $3,067-43.9% | $2,922-41.1% | $2,507-31.4% |
| Participant deferral / active EE | $3,429 | $4,844-29.2% | $4,565-24.9% | $4,311-20.5% |
| Admin fee / account holder | $178 | $157+13.1% | $8,446-97.9% | $188-5.4% |