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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $64,698 |
Filed as: GENOS WEALTH MANAGEMENT Service code 49 | Other Services | $33,001 |
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $7,387 |
Filed as: GENOS WEALTH MANAGEMENT INC Service code 49 · EIN 02-0580939 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,485 | $53,344+5.9% | $121,210-53.4% | $74,473-24.2% |
| Participation rate | 28.0% | 60.0%-32.0pp | 69.5%-41.6pp | 70.7%-42.8pp |
| Annual return | 18.60% | 35.15%-16.6pp | 987.41%-968.8pp | 34.36%-15.8pp |
| Employer contribution / active EE | $399 | $1,898-79.0% | $4,171-90.4% | $2,638-84.9% |
| Participant deferral / active EE | $1,409 | $3,220-56.2% | $4,084-65.5% | $4,530-68.9% |
| Admin fee / account holder | $310 | $382-18.7% | $5,647-94.5% | $347-10.5% |