Filed December 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $112,009 |
Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $46,906 |
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 | $73,651 | $45,343+62.4% | $150,298-51.0% | $67,986+8.3% |
| Participation rate | 88.5% | 51.9%+36.6pp | 77.8%+10.7pp | 57.2%+31.3pp |
| Annual return | 15.34% | 33.28%-17.9pp | 62.79%-47.4pp | 31.67%-16.3pp |
| Employer contribution / active EE | $2,740 | $1,462+87.4% | $4,154-34.0% | $2,019+35.7% |
| Participant deferral / active EE | $6,002 | $2,055+192.1% | $5,453+10.1% | $3,358+78.7% |
| Admin fee / account holder | $489 | $2,250-78.3% | $14,116-96.5% | $3,203-84.7% |