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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL SECURITIES, INC. Service code 49 · EIN 42-0941553 | Other Services | $7,813 |
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 13 · EIN 20-0223513 | Contract Administrator | $3,718 |
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,024 |
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).
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 | $47,174 | $49,138-4.0% | $84,023-43.9% | $65,186-27.6% |
| Participation rate | 60.1% | 60.7%-0.7pp | 69.0%-8.9pp | 70.2%-10.1pp |
| Annual return | 24.03% | 23.00%+1.0pp | 71.32%-47.3pp | 29.39%-5.4pp |
| Employer contribution / active EE | $0 | $914-100.0% | $1,984-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $2,235 | $2,397-6.7% | $3,239-31.0% | $3,514-36.4% |
| Admin fee / account holder | $23 | $543-95.8% | $6,102-99.6% | $847-97.3% |