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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,869 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,843 | $64,909-55.6% | $82,312-65.0% | $62,293-53.7% |
| Participation rate | 59.3% | 74.9%-15.5pp | 76.9%-17.6pp | 69.5%-10.2pp |
| Annual return | 19.91% | 21.18%-1.3pp | 25.88%-6.0pp | 28.90%-9.0pp |
| Employer contribution / active EE | $715 | $1,676-57.3% | $2,428-70.5% | $2,042-65.0% |
| Participant deferral / active EE | $1,700 | $3,103-45.2% | $3,706-54.1% | $3,169-46.4% |
| Admin fee / account holder | $96 | $440-78.1% | $5,608-98.3% | $479-79.9% |