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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INS. COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $38,371 |
Filed as: MERRILL LYNCH PIERCE FEENER & SMITH Service code 17 · EIN 13-5674085 | Pension Consulting | $36,293 |
COMMONWEALTH TPA SOLUTIONS2 years Filed as: COMMONWEALTH TPA SOLUTIONS, LLC Service code 13 · EIN 87-3632446 | Contract Administrator | $10,970 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,574 | $101,672-23.7% | $147,117-47.3% | $74,478+4.2% |
| Participation rate | 83.3% | 75.5%+7.8pp | 82.2%+1.1pp | 67.2%+16.1pp |
| Annual return | 12.13% | 8757.83%-8745.7pp | 420.54%-408.4pp | 1370.56%-1358.4pp |
| Employer contribution / active EE | $2,808 | $3,813-26.4% | $4,932-43.1% | $2,626+6.9% |
| Participant deferral / active EE | $6,998 | $7,305-4.2% | $8,065-13.2% | $4,350+60.9% |
| Admin fee / account holder | $412 | $1,753-76.5% | $12,993-96.8% | $1,946-78.8% |