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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $91,129 |
BAIRD FUNDS6 years Filed as: ROBERT W BAIRD & CO INC Service code 27 · EIN 39-6037917 | Advisory (Plan) | $40,522 |
THE RETIREMENT ADVANTAGE INC5 years Service code 49 · EIN 39-1816008 | Other Services | $23,898 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $78,612 | $62,581+25.6% | $124,693-37.0% | $86,821-9.5% |
| Participation rate | 61.6% | 56.9%+4.7pp | 74.6%-13.0pp | 72.3%-10.7pp |
| Annual return | 12.56% | 26.67%-14.1pp | 5144.19%-5131.6pp | 97.94%-85.4pp |
| Employer contribution / active EE | $1,673 | $1,604+4.3% | $3,324-49.7% | $2,406-30.5% |
| Participant deferral / active EE | $2,788 | $2,725+2.3% | $4,615-39.6% | $4,132-32.5% |
| Admin fee / account holder | $321 | $170+89.2% | $7,494-95.7% | $170+89.2% |