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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $91,536 |
Filed as: MORGAN STANLEY WILSHINSKY GROUP Service code 27 · EIN 26-4310632 | Advisory (Plan) | $47,782 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $191,282 | $81,208+135.5% | $98,920+93.4% | $79,856+139.5% |
| Participation rate | 100.0% | 72.5%+27.5pp | 76.0%+24.0pp | 69.6%+30.4pp |
| Annual return | 16.49% | 60.99%-44.5pp | 196.47%-180.0pp | 31.71%-15.2pp |
| Employer contribution / active EE | $3,130 | $1,960+59.7% | $2,689+16.4% | $2,471+26.7% |
| Participant deferral / active EE | $9,026 | $3,265+176.4% | $4,245+112.6% | $3,741+141.3% |
| Admin fee / account holder | $763 | $6,013-87.3% | $6,643-88.5% | $5,306-85.6% |