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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $50,532 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $46,458 |
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 | $118,259 | $86,341+37.0% | $125,192-5.5% | $65,185+81.4% |
| Participation rate | 97.7% | 75.3%+22.4pp | 79.8%+18.0pp | 70.2%+27.5pp |
| Annual return | 30.80% | 27.44%+3.4pp | 43.79%-13.0pp | 29.38%+1.4pp |
| Employer contribution / active EE | $7,424 | $2,040+264.0% | $3,866+92.0% | $2,177+241.1% |
| Participant deferral / active EE | $7,636 | $3,538+115.8% | $4,937+54.7% | $3,514+117.3% |
| Admin fee / account holder | $420 | $609-31.1% | $9,704-95.7% | $847-50.4% |