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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $23,888 |
MERIDIAN RISK MANAGEMENT INC2+ years Service code 49 · EIN 20-0490714 | Other Services | $1,015 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $23,194 | $80,177-71.1% | $123,894-81.3% | $57,658-59.8% |
| Participation rate | 68.1% | 74.4%-6.3pp | 81.4%-13.3pp | 70.2%-2.1pp |
| Annual return | 13.01% | 17.90%-4.9pp | 47.52%-34.5pp | 5.13%+7.9pp |
| Employer contribution / active EE | $0 | $2,913-100.0% | $4,617-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $4,822 | $5,130-6.0% | $5,984-19.4% | $3,061+57.6% |
| Admin fee / account holder | $40 | $106-62.2% | $8,357-99.5% | $95-57.5% |