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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,394 |
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 | $28,776 | $33,745-14.7% | $64,105-55.1% | $55,191-47.9% |
| Participation rate | 14.7% | 59.4%-44.7pp | 68.2%-53.5pp | 69.2%-54.5pp |
| Annual return | -0.45% | 4.95%-5.4pp | 791.24%-791.7pp | 10.78%-11.2pp |
| Employer contribution / active EE | $188 | $641-70.6% | $1,820-89.7% | $1,899-90.1% |
| Participant deferral / active EE | $306 | $1,929-84.2% | $2,822-89.2% | $3,046-90.0% |
| Admin fee / account holder | $269 | $94+185.5% | $4,499-94.0% | $91+196.7% |