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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,616 |
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).
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 | $75,061 | $51,708+45.2% | $106,619-29.6% | $62,881+19.4% |
| Participation rate | 62.2% | 66.9%-4.6pp | 78.0%-15.8pp | 69.3%-7.1pp |
| Annual return | 7.63% | 4.69%+2.9pp | 9.42%-1.8pp | 20.14%-12.5pp |
| Employer contribution / active EE | $864 | $1,764-51.0% | $3,947-78.1% | $2,281-62.1% |
| Participant deferral / active EE | $2,581 | $2,315+11.5% | $3,930-34.3% | $3,203-19.4% |
| Admin fee / account holder | $24 | $3,349-99.3% | $6,418-99.6% | $4,296-99.4% |