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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,466 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 49 · EIN 34-1542819 | Other Services | $6,307 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $10,276 | $46,732-78.0% | $156,551-93.4% | $55,167-81.4% |
| Participation rate | 66.5% | 65.8%+0.7pp | 84.0%-17.5pp | 69.0%-2.5pp |
| Annual return | 5.07% | 17.72%-12.6pp | 32.23%-27.2pp | 169.23%-164.2pp |
| Employer contribution / active EE | $801 | $2,105-61.9% | $5,501-85.4% | $1,963-59.2% |
| Participant deferral / active EE | $1,465 | $2,204-33.5% | $4,871-69.9% | $3,054-52.0% |
| Admin fee / account holder | $89 | $418-78.7% | $13,028-99.3% | $504-82.3% |