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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,651 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,687 | $58,895-10.5% | $178,503-70.5% | $73,497-28.3% |
| Participation rate | 13.8% | 66.2%-52.5pp | 81.9%-68.2pp | 70.7%-56.9pp |
| Annual return | 10.45% | 24.86%-14.4pp | 151.12%-140.7pp | 28.51%-18.1pp |
| Employer contribution / active EE | $0 | $2,236-100.0% | $5,011-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,086 | $2,567-57.7% | $5,202-79.1% | $3,740-71.0% |
| Admin fee / account holder | $220 | $400-45.0% | $13,987-98.4% | $513-57.0% |