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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL SECURITIES, INC. Service code 49 · EIN 42-0941553 | Other Services | $7,095 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 40-0127290 | Contract Administrator | $2,718 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $36,023 | $42,548-15.3% | $74,551-51.7% | $56,289-36.0% |
| Participation rate | 64.5% | 60.5%+4.0pp | 69.1%-4.7pp | 69.9%-5.4pp |
| Annual return | -2.69% | 12.40%-15.1pp | 32.53%-35.2pp | -9.96%+7.3pp |
| Employer contribution / active EE | $0 | $855-100.0% | $1,961-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $2,204 | $2,277-3.2% | $3,108-29.1% | $3,350-34.2% |
| Admin fee / account holder | $16 | $467-96.5% | $5,059-99.7% | $521-96.8% |