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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,279 |
Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 26-4310632 | Advisory (Plan) | $55,090 |
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 | $170,907 | $73,638+132.1% | $95,964+78.1% | $73,497+132.5% |
| Participation rate | 99.3% | 76.2%+23.1pp | 77.1%+22.2pp | 70.7%+28.6pp |
| Annual return | 10.78% | 16.78%-6.0pp | 91.64%-80.9pp | 28.51%-17.7pp |
| Employer contribution / active EE | $3,798 | $1,863+103.9% | $2,541+49.5% | $2,270+67.3% |
| Participant deferral / active EE | $5,081 | $3,617+40.5% | $4,167+21.9% | $3,740+35.9% |
| Admin fee / account holder | $444 | $482-7.9% | $6,797-93.5% | $513-13.5% |