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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,454 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $3,880 | $52,967-92.7% | $172,753-97.8% | $65,186-94.0% |
| Participation rate | 61.4% | 66.2%-4.8pp | 82.6%-21.2pp | 70.2%-8.8pp |
| Annual return | 18.55% | 30.12%-11.6pp | 803.00%-784.5pp | 29.39%-10.8pp |
| Employer contribution / active EE | $439 | $2,190-79.9% | $5,144-91.5% | $2,177-79.8% |
| Participant deferral / active EE | $645 | $2,471-73.9% | $5,198-87.6% | $3,514-81.7% |
| Admin fee / account holder | $56 | $472-88.2% | $13,956-99.6% | $847-93.4% |