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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,318 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,692 | $69,848-68.9% | $115,756-81.3% | $66,949-67.6% |
| Participation rate | 65.5% | 70.6%-5.1pp | 77.1%-11.6pp | 69.8%-4.3pp |
| Annual return | -17.56% | 969.66%-987.2pp | 143.14%-160.7pp | 1.57%-19.1pp |
| Employer contribution / active EE | $1,838 | $2,613-29.7% | $3,793-51.5% | $2,545-27.8% |
| Participant deferral / active EE | $3,168 | $4,274-25.9% | $6,254-49.3% | $4,239-25.3% |
| Admin fee / account holder | $329 | $337-2.4% | $8,124-96.0% | $594-44.6% |