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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,185 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,392 | $28,416-45.8% | $73,550-79.1% | $69,631-77.9% |
| Participation rate | 12.4% | 38.3%-26.0pp | 54.9%-42.5pp | 70.7%-58.3pp |
| Annual return | 18.15% | -694.13%+712.3pp | -15.16%+33.3pp | 27571.02%-27552.9pp |
| Employer contribution / active EE | $160 | $430-62.9% | $1,219-86.9% | $2,032-92.1% |
| Participant deferral / active EE | $243 | $897-72.9% | $1,804-86.5% | $3,224-92.5% |
| Admin fee / account holder | $96 | $104-8.0% | $2,320-95.9% | $110-13.1% |