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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,813 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,255 | $51,226-72.2% | $82,706-82.8% | $66,930-78.7% |
| Participation rate | 45.9% | 67.9%-21.9pp | 72.6%-26.6pp | 69.8%-23.9pp |
| Annual return | -16.57% | -9.61%-7.0pp | 701.76%-718.3pp | 1.57%-18.1pp |
| Employer contribution / active EE | $295 | $2,612-88.7% | $3,007-90.2% | $2,545-88.4% |
| Participant deferral / active EE | $1,230 | $3,460-64.5% | $4,394-72.0% | $4,238-71.0% |
| Admin fee / account holder | $58 | $416-86.0% | $5,329-98.9% | $593-90.2% |