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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,764 |
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).
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 | $30,361 | $38,365-20.9% | $84,623-64.1% | $65,185-53.4% |
| Participation rate | 41.7% | 55.7%-14.0pp | 68.2%-26.6pp | 70.2%-28.5pp |
| Annual return | 24.19% | 32.00%-7.8pp | 258.77%-234.6pp | 29.38%-5.2pp |
| Employer contribution / active EE | $268 | $1,258-78.7% | $2,652-89.9% | $2,177-87.7% |
| Participant deferral / active EE | $1,834 | $2,278-19.5% | $3,899-53.0% | $3,514-47.8% |
| Admin fee / account holder | $109 | $451-75.8% | $4,913-97.8% | $847-87.1% |