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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,179 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $5,603 |
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 | $39,853 | $54,355-26.7% | $82,744-51.8% | $68,486-41.8% |
| Participation rate | 24.7% | 63.9%-39.2pp | 72.6%-47.9pp | 67.9%-43.2pp |
| Annual return | -15.26% | -13.67%-1.6pp | 702.22%-717.5pp | -7.85%-7.4pp |
| Employer contribution / active EE | $332 | $2,219-85.0% | $3,008-89.0% | $2,597-87.2% |
| Participant deferral / active EE | $899 | $3,246-72.3% | $4,395-79.5% | $4,028-77.7% |
| Admin fee / account holder | $385 | $4,397-91.2% | $5,325-92.8% | $5,404-92.9% |