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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,944 |
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.
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 | $12,711 | $46,732-72.8% | $156,551-91.9% | $55,167-77.0% |
| Participation rate | 14.2% | 65.8%-51.6pp | 84.0%-69.8pp | 69.0%-54.8pp |
| Annual return | 8.55% | 17.72%-9.2pp | 32.23%-23.7pp | 169.23%-160.7pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $404 | $2,204-81.7% | $4,871-91.7% | $3,054-86.8% |
| Admin fee / account holder | $123 | $418-70.7% | $13,028-99.1% | $504-75.7% |