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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,828 |
OPPENHEIMER1 year Filed as: OPPENHEIMER LIFE AGENCY LTD Service code 49 · EIN 13-2886227 | Other Services | $3,839 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $89,335 | $63,764+40.1% | $81,926+9.0% | $79,858+11.9% |
| Participation rate | 49.4% | 67.5%-18.1pp | 72.0%-22.6pp | 69.6%-20.2pp |
| Annual return | 14.86% | 22.66%-7.8pp | 29.49%-14.6pp | 31.72%-16.9pp |
| Employer contribution / active EE | $273 | $1,795-84.8% | $4,310-93.7% | $2,471-88.9% |
| Participant deferral / active EE | $2,306 | $2,780-17.1% | $7,108-67.6% | $3,740-38.4% |
| Admin fee / account holder | $128 | $4,426-97.1% | $5,159-97.5% | $5,306-97.6% |