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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $27,368 |
HORNER TOWNSEND & KENT INC1+ years Service code 49 | Other Services | $10,671 |
HORNER TOWNSEND & KENT INC1+ years Filed as: HORNER TOWNSEND & KENT INC. Service code 49 · EIN 23-1706189 | Other Services | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,083 | $38,969-53.6% | $109,313-83.5% | $55,167-67.2% |
| Participation rate | 94.8% | 58.2%+36.6pp | 71.3%+23.5pp | 69.0%+25.8pp |
| Annual return | 0.00% | 8.26%-8.3pp | 22.07%-22.1pp | 169.23%-169.2pp |
| Employer contribution / active EE | $0 | $1,227-100.0% | $3,892-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $2,087 | $2,176-4.1% | $3,166-34.1% | $3,054-31.7% |
| Admin fee / account holder | $142 | $501-71.6% | $5,666-97.5% | $504-71.8% |