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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $73,620 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $32,383 |
Service code 49 · EIN 13-5674085 | Other Services | $5,181 |
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $86,506 | $71,192+21.5% | $117,861-26.6% | $62,293+38.9% |
| Participation rate | 98.0% | 74.2%+23.8pp | 79.7%+18.3pp | 69.5%+28.5pp |
| Annual return | 19.97% | 18.66%+1.3pp | 335.11%-315.1pp | 28.90%-8.9pp |
| Employer contribution / active EE | $7,191 | $1,934+271.9% | $3,786+89.9% | $2,042+252.1% |
| Participant deferral / active EE | $7,238 | $3,189+127.0% | $4,482+61.5% | $3,169+128.4% |
| Admin fee / account holder | $361 | $587-38.5% | $8,021-95.5% | $479-24.7% |