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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 | $55,437-44.7% | $155,534-80.3% | $74,459-58.8% |
| Participation rate | 58.7% | 61.9%-3.2pp | 78.2%-19.6pp | 67.2%-8.6pp |
| Annual return | 18.83% | 269.58%-250.7pp | 64.92%-46.1pp | 1369.70%-1350.9pp |
| Employer contribution / active EE | $0 | $2,266-100.0% | $4,675-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $8,769 | $2,837+209.1% | $5,630+55.7% | $4,350+101.6% |
| Admin fee / account holder | $29 | $1,742-98.4% | $15,900-99.8% | $1,945-98.5% |