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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $1,202 |
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.
Annual investment return 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 | $92,749 | $61,473+50.9% | $81,716+13.5% | $73,412+26.3% |
| Participation rate | 11.2% | 72.4%-61.2pp | 72.0%-60.8pp | 72.2%-61.0pp |
| Annual return | 11.43% | 28.26%-16.8pp | 29.49%-18.1pp | 59.30%-47.9pp |
| Employer contribution / active EE | $0 | $1,898-100.0% | $4,310-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $807 | $3,080-73.8% | $7,108-88.6% | $3,806-78.8% |
| Admin fee / account holder | $67 | $125-46.9% | $5,159-98.7% | $158-57.8% |