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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,313 |
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 | $36,470 | $42,546-14.3% | $71,796-49.2% | $55,167-33.9% |
| Participation rate | 72.2% | 59.1%+13.1pp | 69.1%+3.1pp | 69.0%+3.2pp |
| Annual return | 8.22% | 12.36%-4.1pp | 78.04%-69.8pp | 169.23%-161.0pp |
| Employer contribution / active EE | $540 | $803-32.8% | $1,924-71.9% | $1,963-72.5% |
| Participant deferral / active EE | $2,504 | $2,064+21.3% | $2,794-10.4% | $3,054-18.0% |
| Admin fee / account holder | $112 | $650-82.8% | $4,815-97.7% | $504-77.8% |