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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,782 |
LPA INSURANCE AGENCY INC4+ years Service code 49 · EIN 68-0417308 | Other Services | $1,787 |
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 | $119,914 | $47,977+149.9% | $154,108-22.2% | $56,289+113.0% |
| Participation rate | 100.0% | 66.2%+33.8pp | 83.0%+17.0pp | 69.9%+30.1pp |
| Annual return | -4.54% | 3.54%-8.1pp | 735.21%-739.7pp | -9.96%+5.4pp |
| Employer contribution / active EE | $4,909 | $2,169+126.4% | $5,298-7.3% | $2,111+132.5% |
| Participant deferral / active EE | $4,882 | $2,392+104.1% | $5,081-3.9% | $3,350+45.7% |
| Admin fee / account holder | $321 | $438-26.7% | $13,411-97.6% | $521-38.3% |