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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,758 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,882 | $60,504+56.8% | $81,882+15.9% | $74,478+27.4% |
| Participation rate | 75.5% | 62.9%+12.6pp | 72.4%+3.1pp | 67.2%+8.3pp |
| Annual return | 14.04% | 16.91%-2.9pp | 779.47%-765.4pp | 1370.56%-1356.5pp |
| Employer contribution / active EE | $920 | $2,627-65.0% | $2,916-68.4% | $2,626-65.0% |
| Participant deferral / active EE | $4,640 | $3,400+36.5% | $4,323+7.3% | $4,350+6.7% |
| Admin fee / account holder | $358 | $1,492-76.0% | $7,360-95.1% | $1,946-81.6% |