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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,695 |
WEALTH NAVIGATION LLC2 years Service code 27 · EIN 72-1547273 | Advisory (Plan) | $11,031 |
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.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,908 | $66,528-67.1% | $86,874-74.8% | $86,799-74.8% |
| Participation rate | 29.0% | 72.4%-43.3pp | 71.6%-42.6pp | 72.3%-43.2pp |
| Annual return | 16.06% | 19.56%-3.5pp | 63.52%-47.5pp | 97.91%-81.8pp |
| Employer contribution / active EE | $638 | $2,007-68.2% | $2,495-74.4% | $2,405-73.5% |
| Participant deferral / active EE | $1,048 | $3,240-67.7% | $3,699-71.7% | $4,131-74.6% |
| Admin fee / account holder | $218 | $148+47.4% | $5,828-96.3% | $170+28.8% |