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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,685 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $30,669 | $50,637-39.4% | $86,582-64.6% | $62,293-50.8% |
| Participation rate | 49.0% | 67.9%-18.9pp | 73.5%-24.5pp | 69.5%-20.5pp |
| Annual return | 18.82% | 20.80%-2.0pp | 965.08%-946.3pp | 28.90%-10.1pp |
| Employer contribution / active EE | $529 | $2,075-74.5% | $2,839-81.4% | $2,042-74.1% |
| Participant deferral / active EE | $705 | $2,611-73.0% | $3,609-80.5% | $3,169-77.8% |
| Admin fee / account holder | $70 | $413-83.2% | $4,904-98.6% | $479-85.5% |