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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,933 |
RAYMOND JAMES FINANCIAL SERVICES5+ years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $30,308 |
BKD, LLP4 years Filed as: DIXON HUGHES GOODMAN LLP Service code 10 · EIN 56-0747981 | Accounting | $5,394 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $59,458 | $89,652-33.7% | $141,191-57.9% | $65,185-8.8% |
| Participation rate | 66.9% | 74.7%-7.9pp | 82.5%-15.6pp | 70.2%-3.4pp |
| Annual return | 22.38% | 32.79%-10.4pp | 71.41%-49.0pp | 29.38%-7.0pp |
| Employer contribution / active EE | $1,924 | $3,065-37.2% | $4,736-59.4% | $2,177-11.6% |
| Participant deferral / active EE | $4,012 | $5,691-29.5% | $6,710-40.2% | $3,514+14.2% |
| Admin fee / account holder | $306 | $569-46.2% | $10,264-97.0% | $847-63.9% |