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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $49,598 |
Service code 27 · EIN 13-5674085 | Advisory (Plan) | $25,823 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $16,150 |
WILSHIRE ASSOCIATES INCORPORATED4+ 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 | $88,901 | $66,302+34.1% | $110,243-19.4% | $56,289+57.9% |
| Participation rate | 99.5% | 74.9%+24.6pp | 79.8%+19.7pp | 69.9%+29.6pp |
| Annual return | -6.66% | -1.18%-5.5pp | 314.76%-321.4pp | -9.96%+3.3pp |
| Employer contribution / active EE | $7,481 | $2,047+265.4% | $3,827+95.5% | $2,111+254.4% |
| Participant deferral / active EE | $7,858 | $3,381+132.4% | $4,672+68.2% | $3,350+134.6% |
| Admin fee / account holder | $350 | $698-49.9% | $8,548-95.9% | $521-32.8% |