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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $40,653 |
Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 · EIN 51-0116113 | Other Services | $11,019 |
SBHU LIFE AGENCY INC2 years Service code 49 · EIN 13-2896238 | Other Services | $5,511 |
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 | $36,930 | $89,367-58.7% | $141,191-73.8% | $72,975-49.4% |
| Participation rate | 100.0% | 75.1%+24.9pp | 82.5%+17.5pp | 69.5%+30.5pp |
| Annual return | 35.99% | 111.87%-75.9pp | 71.41%-35.4pp | 81.01%-45.0pp |
| Employer contribution / active EE | $2,828 | $3,115-9.2% | $4,736-40.3% | $2,440+15.9% |
| Participant deferral / active EE | $3,402 | $5,419-37.2% | $6,710-49.3% | $3,608-5.7% |
| Admin fee / account holder | $345 | $5,957-94.2% | $10,264-96.6% | $5,124-93.3% |