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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,536 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $17,943 |
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS SERVICES INC Service code 13 · EIN 45-0514557 | Contract Administrator | $8,430 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $83,977 | $43,133+94.7% | $89,435-6.1% | $73,497+14.3% |
| Participation rate | 76.0% | 55.0%+21.0pp | 68.0%+8.0pp | 70.7%+5.3pp |
| Annual return | 12.73% | 135.66%-122.9pp | 245.55%-232.8pp | 28.51%-15.8pp |
| Employer contribution / active EE | $3,199 | $1,438+122.5% | $2,587+23.7% | $2,270+40.9% |
| Participant deferral / active EE | $2,358 | $2,445-3.5% | $3,890-39.4% | $3,740-36.9% |
| Admin fee / account holder | $349 | $444-21.4% | $4,884-92.9% | $513-32.0% |