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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $90,098 |
CREATIVE PLANNING LLC5+ years Filed as: CREATIVE PLANNING INC Service code 13 · EIN 43-1270780 | Contract Administrator | $23,160 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,039 | $65,378+1.0% | $87,103-24.2% | $65,186+1.3% |
| Participation rate | 86.9% | 75.3%+11.6pp | 76.9%+10.0pp | 70.2%+16.7pp |
| Annual return | 18.93% | 31.28%-12.3pp | 28.19%-9.3pp | 29.39%-10.5pp |
| Employer contribution / active EE | $2,413 | $1,823+32.4% | $2,521-4.3% | $2,177+10.8% |
| Participant deferral / active EE | $4,585 | $3,389+35.3% | $4,049+13.3% | $3,514+30.5% |
| Admin fee / account holder | $314 | $520-39.6% | $7,491-95.8% | $847-63.0% |