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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $106,670 |
Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 26-4310632 | Advisory (Plan) | $58,133 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $199,456 | $87,733+127.3% | $106,548+87.2% | $85,850+132.3% |
| Participation rate | 98.9% | 71.9%+26.9pp | 76.1%+22.7pp | 69.3%+29.5pp |
| Annual return | 11.03% | 21.86%-10.8pp | 26.80%-15.8pp | 318.53%-307.5pp |
| Employer contribution / active EE | $3,140 | $2,073+51.5% | $2,819+11.4% | $2,565+22.4% |
| Participant deferral / active EE | $9,138 | $3,469+163.4% | $4,398+107.8% | $3,952+131.2% |
| Admin fee / account holder | $848 | $6,767-87.5% | $7,407-88.5% | $6,260-86.4% |