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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,660 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,676 | $55,470-44.7% | $155,556-80.3% | $74,478-58.8% |
| Participation rate | 58.7% | 61.9%-3.2pp | 78.2%-19.6pp | 67.2%-8.6pp |
| Annual return | 18.83% | 269.80%-251.0pp | 64.84%-46.0pp | 1370.56%-1351.7pp |
| Employer contribution / active EE | $0 | $2,267-100.0% | $4,675-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $8,769 | $2,838+209.0% | $5,631+55.7% | $4,350+101.6% |
| Admin fee / account holder | $29 | $1,744-98.4% | $15,885-99.8% | $1,946-98.5% |