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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,543 |
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 | $28,225 | $39,245-28.1% | $64,105-56.0% | $52,331-46.1% |
| Participation rate | 77.2% | 58.2%+19.0pp | 68.2%+9.1pp | 68.1%+9.1pp |
| Annual return | -1.16% | 14.79%-15.9pp | 791.24%-792.4pp | 4.54%-5.7pp |
| Employer contribution / active EE | $520 | $736-29.3% | $1,820-71.4% | $1,882-72.4% |
| Participant deferral / active EE | $2,609 | $1,992+31.0% | $2,822-7.5% | $3,022-13.7% |
| Admin fee / account holder | $101 | $592-82.9% | $4,499-97.8% | $592-82.9% |