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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,223 |
CORNERSTONE ADVISORS ASSET MGMT2+ years Filed as: CORNERSTONE INSTITUTIONAL INVESTORS Service code 27 · EIN 23-2933229 | Advisory (Plan) | $18,067 |
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 | $23,684 | $46,072-48.6% | $69,779-66.1% | $55,167-57.1% |
| Participation rate | 75.7% | 67.5%+8.3pp | 71.8%+3.9pp | 69.0%+6.7pp |
| Annual return | 6.82% | 8.68%-1.9pp | 12.99%-6.2pp | 169.23%-162.4pp |
| Employer contribution / active EE | $1,075 | $1,500-28.3% | $2,338-54.0% | $1,963-45.2% |
| Participant deferral / active EE | $1,964 | $2,344-16.2% | $2,931-33.0% | $3,054-35.7% |
| Admin fee / account holder | $202 | $428-52.9% | $4,381-95.4% | $504-60.0% |