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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,061 |
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).
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 | $35,345 | $43,133-18.1% | $89,400-60.5% | $73,493-51.9% |
| Participation rate | 38.7% | 55.0%-16.3pp | 68.0%-29.3pp | 70.7%-32.0pp |
| Annual return | 14.70% | 135.66%-121.0pp | 245.64%-230.9pp | 28.51%-13.8pp |
| Employer contribution / active EE | $367 | $1,438-74.5% | $2,586-85.8% | $2,270-83.8% |
| Participant deferral / active EE | $2,193 | $2,445-10.3% | $3,890-43.6% | $3,740-41.4% |
| Admin fee / account holder | $106 | $444-76.1% | $4,882-97.8% | $513-79.3% |