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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,555 |
Service code 49 · EIN 41-0944586 | Other Services | $3,253 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $8,285 | $46,966-82.4% | $185,117-95.5% | $69,631-88.1% |
| Participation rate | 53.1% | 65.3%-12.1pp | 77.3%-24.1pp | 70.7%-17.5pp |
| Annual return | 15.10% | 22.36%-7.3pp | 40.50%-25.4pp | 27571.02%-27555.9pp |
| Employer contribution / active EE | $396 | $1,360-70.9% | $4,182-90.5% | $2,032-80.5% |
| Participant deferral / active EE | $1,306 | $3,017-56.7% | $5,045-74.1% | $3,224-59.5% |
| Admin fee / account holder | $95 | $94+1.1% | $8,159-98.8% | $110-14.1% |