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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,240 |
Service code 49 · EIN 51-0120742 | Other Services | $0 |
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).
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 | $3,932 | $39,859-90.1% | $78,676-95.0% | $57,658-93.2% |
| Participation rate | 99.4% | 66.1%+33.4pp | 73.6%+25.9pp | 70.2%+29.2pp |
| Annual return | 5.71% | 18.96%-13.3pp | 62.19%-56.5pp | 5.13%+0.6pp |
| Employer contribution / active EE | $1,085 | $1,786-39.2% | $2,850-61.9% | $1,974-45.0% |
| Participant deferral / active EE | $979 | $2,248-56.5% | $3,517-72.2% | $3,061-68.0% |
| Admin fee / account holder | $4 | $76-94.3% | $4,510-99.9% | $95-95.4% |