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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $25,592 |
Service code 49 · EIN 93-0502772 | Other Services | $1,461 |
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).
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 | $50,673 | $41,467+22.2% | $67,313-24.7% | $55,725-9.1% |
| Participation rate | 27.1% | 62.5%-35.4pp | 69.1%-41.9pp | 70.9%-43.7pp |
| Annual return | -5.13% | 0.82%-5.9pp | -4.08%-1.0pp | 244.93%-250.1pp |
| Employer contribution / active EE | $193 | $1,316-85.3% | $2,566-92.5% | $2,078-90.7% |
| Participant deferral / active EE | $1,112 | $2,399-53.7% | $3,568-68.8% | $3,356-66.9% |
| Admin fee / account holder | $180 | $102+76.6% | $4,507-96.0% | $115+56.5% |