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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $51,567 |
Filed as: ANCORA RETIREMENT PLAN ADVISORS INC Service code 27 · EIN 23-2697799 | Advisory (Plan) | $20,792 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,726 | $105,198-59.4% | $159,455-73.2% | $85,856-50.2% |
| Participation rate | 95.3% | 75.8%+19.5pp | 82.8%+12.5pp | 69.3%+26.0pp |
| Annual return | 18.87% | 45.08%-26.2pp | 263.63%-244.8pp | 318.58%-299.7pp |
| Employer contribution / active EE | $1,839 | $3,319-44.6% | $4,830-61.9% | $2,565-28.3% |
| Participant deferral / active EE | $7,095 | $5,946+19.3% | $7,353-3.5% | $3,952+79.5% |
| Admin fee / account holder | $344 | $6,934-95.0% | $10,800-96.8% | $6,261-94.5% |