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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,497 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $9,669 | $60,165-83.9% | $74,184-87.0% | $55,167-82.5% |
| Participation rate | 68.0% | 74.2%-6.1pp | 76.6%-8.6pp | 69.0%-0.9pp |
| Annual return | 5.80% | 10.00%-4.2pp | 17.74%-11.9pp | 169.23%-163.4pp |
| Employer contribution / active EE | $802 | $1,600-49.9% | $2,370-66.2% | $1,963-59.1% |
| Participant deferral / active EE | $1,242 | $2,973-58.2% | $3,550-65.0% | $3,054-59.3% |
| Admin fee / account holder | $122 | $419-70.9% | $5,586-97.8% | $504-75.8% |