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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $117,278 |
Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849 | Advisory (Plan) | $69,659 |
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 | $157,189 | $59,186+165.6% | $76,768+104.8% | $56,287+179.3% |
| Participation rate | 94.3% | 75.2%+19.1pp | 77.0%+17.3pp | 69.9%+24.4pp |
| Annual return | -3.84% | 6.62%-10.5pp | 2.43%-6.3pp | -9.96%+6.1pp |
| Employer contribution / active EE | $2,191 | $1,759+24.6% | $2,485-11.8% | $2,111+3.8% |
| Participant deferral / active EE | $7,484 | $3,255+129.9% | $3,852+94.3% | $3,350+123.4% |
| Admin fee / account holder | $715 | $489+46.2% | $6,675-89.3% | $521+37.3% |