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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $77,864 |
Filed as: O N EQUITY SALES COMPANY THE Service code 49 · EIN 31-0742113 | Other Services | $17,135 |
Service code 49 · EIN 32-0071428 | Other Services | $1,231 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,958 | $62,132+33.5% | $185,835-55.4% | $73,493+12.9% |
| Participation rate | 98.5% | 67.8%+30.7pp | 78.0%+20.5pp | 70.7%+27.8pp |
| Annual return | 17.92% | 20.44%-2.5pp | 35.96%-18.0pp | 28.51%-10.6pp |
| Employer contribution / active EE | $3,257 | $1,681+93.7% | $4,087-20.3% | $2,270+43.5% |
| Participant deferral / active EE | $5,064 | $3,711+36.5% | $5,633-10.1% | $3,740+35.4% |
| Admin fee / account holder | $309 | $419-26.2% | $9,502-96.7% | $513-39.8% |