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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $19,080 |
Service code 27 · EIN 35-2516738 | Advisory (Plan) | $6,506 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $27,200 | $47,898-43.2% | $117,529-76.9% | $64,824-58.0% |
| Participation rate | 15.3% | 61.9%-46.6pp | 70.6%-55.3pp | 71.5%-56.2pp |
| Annual return | -16.45% | -15.54%-0.9pp | 29.77%-46.2pp | 32.84%-49.3pp |
| Employer contribution / active EE | $0 | $1,774-100.0% | $4,179-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $403 | $3,151-87.2% | $4,072-90.1% | $4,311-90.6% |
| Admin fee / account holder | $335 | $132+154.0% | $5,645-94.1% | $188+78.2% |