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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,255 |
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).
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 | $8,640 | $25,723-66.4% | $69,182-87.5% | $55,167-84.3% |
| Participation rate | 66.1% | 39.4%+26.7pp | 55.1%+11.0pp | 69.0%-2.9pp |
| Annual return | 10.57% | 9.56%+1.0pp | -21.93%+32.5pp | 169.23%-158.7pp |
| Employer contribution / active EE | $235 | $480-51.1% | $1,206-80.5% | $1,963-88.0% |
| Participant deferral / active EE | $705 | $963-26.8% | $1,897-62.8% | $3,054-76.9% |
| Admin fee / account holder | $100 | $365-72.6% | $2,697-96.3% | $504-80.2% |