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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $62,368 |
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632 | Advisory (Plan) | $50,339 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $145,439 | $65,378+122.5% | $87,103+67.0% | $65,186+123.1% |
| Participation rate | 99.3% | 75.3%+24.0pp | 76.9%+22.4pp | 70.2%+29.1pp |
| Annual return | 17.83% | 31.28%-13.4pp | 28.19%-10.4pp | 29.39%-11.6pp |
| Employer contribution / active EE | $4,024 | $1,823+120.8% | $2,521+59.6% | $2,177+84.9% |
| Participant deferral / active EE | $4,303 | $3,389+27.0% | $4,049+6.3% | $3,514+22.5% |
| Admin fee / account holder | $387 | $520-25.5% | $7,491-94.8% | $847-54.3% |