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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $120,607 |
Service code 27 · EIN 74-2794194 | Advisory (Plan) | $101,462 |
ERNST & YOUNG LLP1 year Service code 10 · EIN 34-6565596 | Accounting | $20,000 |
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 | $92,875 | $56,640+64.0% | $80,977+14.7% | $57,658+61.1% |
| Participation rate | 97.8% | 75.9%+21.9pp | 75.8%+22.0pp | 70.2%+27.5pp |
| Annual return | 7.34% | 19.97%-12.6pp | 17.11%-9.8pp | 5.13%+2.2pp |
| Employer contribution / active EE | $1,519 | $2,085-27.1% | $3,715-59.1% | $1,974-23.0% |
| Participant deferral / active EE | $9,358 | $4,944+89.3% | $5,696+64.3% | $3,061+205.8% |
| Admin fee / account holder | $177 | $87+102.7% | $5,517-96.8% | $95+86.8% |