Filed September 11, 2024
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,540 |
Filed as: ROCKEFELLER CAPITAL MANAGEMENT Service code 27 · EIN 82-3226180 | Advisory (Plan) | $15,424 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $6,587 |
THE W.L. BURMEISTER COMPANY8 years Filed as: THE WL BURMEISTER COMPANY Service code 13 · EIN 38-2928964 | Contract Administrator | $6,358 |
Filed as: THE W.L. BURMEISTER COMPAY Service code 13 | Contract Administrator | $2,356 |
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.)
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).
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 | $78,900 | $73,149+7.9% | $120,580-34.6% | $77,762+1.5% |
| Participation rate | 22.3% | 55.2%-32.9pp | 72.0%-49.7pp | 70.6%-48.3pp |
| Annual return | 14.18% | 18.24%-4.1pp | 107.48%-93.3pp | 31.27%-17.1pp |
| Employer contribution / active EE | $712 | $1,793-60.3% | $3,469-79.5% | $2,728-73.9% |
| Participant deferral / active EE | $1,449 | $3,006-51.8% | $4,995-71.0% | $4,651-68.8% |
| Admin fee / account holder | $349 | $660-47.1% | $9,418-96.3% | $433-19.4% |