Filed March 24, 2025 (most recent of 12 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $155,326 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,272 | $86,897+14.2% | $151,639-34.5% | $64,819+53.2% |
| Participation rate | 100.0% | 87.3%+12.7pp | 87.5%+12.5pp | 71.5%+28.5pp |
| Annual return | -16.95% | -3.57%-13.4pp | 3.34%-20.3pp | 32.84%-49.8pp |
| Employer contribution / active EE | $5,821 | $4,010+45.2% | $6,165-5.6% | $2,507+132.2% |
| Participant deferral / active EE | $5,858 | $6,690-12.4% | $8,363-30.0% | $4,311+35.9% |
| Admin fee / account holder | $351 | $153+129.2% | $11,613-97.0% | $188+86.7% |