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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $77,854 |
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $14,576 |
Filed as: FBL WEALTH MANAGEMENT Service code 27 · EIN 42-1411715 | Advisory (Plan) | $5,550 |
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $50,023 | $63,114-20.7% | $92,909-46.2% | $65,185-23.3% |
| Participation rate | 92.6% | 68.8%+23.9pp | 76.0%+16.6pp | 70.2%+22.4pp |
| Annual return | 19.00% | 28.75%-9.8pp | 109.44%-90.4pp | 29.38%-10.4pp |
| Employer contribution / active EE | $0 | $2,571-100.0% | $3,653-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $3,538 | $3,108+13.8% | $4,238-16.5% | $3,514+0.7% |
| Admin fee / account holder | $379 | $624-39.2% | $5,795-93.5% | $847-55.3% |