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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $30,884 |
Service code 27 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238 | Advisory (Plan) | $18,035 |
Filed as: MAYER HOFFMAN MCCANN Service code 10 685 THIRD AVE · NEW YORK, NY 10017 | Accounting | $18,000 |
Service code 64 · EIN 13-2624428 | Recordkeeping Fees | $30 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $117,407 | $59,107+98.6% | $86,439+35.8% | $68,495+71.4% |
| Participation rate | 94.6% | 75.2%+19.4pp | 80.3%+14.3pp | 67.9%+26.7pp |
| Annual return | -12.75% | -0.23%-12.5pp | 4395.55%-4408.3pp | -7.84%-4.9pp |
| Employer contribution / active EE | $3,173 | $2,519+26.0% | $3,769-15.8% | $2,596+22.2% |
| Participant deferral / active EE | $11,148 | $5,901+88.9% | $6,952+60.4% | $4,028+176.8% |
| Admin fee / account holder | $608 | $5,637-89.2% | $6,732-91.0% | $5,403-88.7% |