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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,993 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,178 | $66,601-56.2% | $92,893-68.6% | $67,579-56.8% |
| Participation rate | 67.4% | 72.5%-5.1pp | 76.0%-8.6pp | 71.3%-3.9pp |
| Annual return | 26.37% | 92.58%-66.2pp | 109.41%-83.0pp | 378.56%-352.2pp |
| Employer contribution / active EE | $754 | $2,775-72.8% | $3,653-79.3% | $2,148-64.9% |
| Participant deferral / active EE | $2,141 | $3,157-32.2% | $4,236-49.5% | $3,539-39.5% |
| Admin fee / account holder | $27 | $199-86.4% | $5,794-99.5% | $142-81.0% |