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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $128,435 |
401(K) ADVISORS INC7 years Service code 27 · EIN 33-0905143 | Advisory (Plan) | $86,902 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,505 | $56,638+89.8% | $169,385-36.5% | $74,440+44.4% |
| Participation rate | 99.7% | 67.5%+32.2pp | 77.2%+22.5pp | 70.7%+28.9pp |
| Annual return | 23.01% | 24.75%-1.7pp | 405.82%-382.8pp | 34.37%-11.4pp |
| Employer contribution / active EE | $8,253 | $2,027+307.2% | $4,012+105.7% | $2,638+212.9% |
| Participant deferral / active EE | $12,921 | $4,223+206.0% | $6,221+107.7% | $4,529+185.3% |
| Admin fee / account holder | $324 | $307+5.5% | $9,011-96.4% | $348-7.0% |