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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $75,794 |
Filed as: FBL FINANCIAL GROUP INC Service code 27 · EIN 42-1411715 | Advisory (Plan) | $19,280 |
WILLIAM BLAIR1 year Filed as: WILLIAM E HAMM AND ASSOCIATES INC Service code 27 · EIN 59-3331424 | Advisory (Plan) | $10,072 |
WILSHIRE ASSOCIATES INCORPORATED6+ 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,432 | $69,383-30.2% | $101,271-52.2% | $73,493-34.1% |
| Participation rate | 94.4% | 68.4%+26.1pp | 75.8%+18.6pp | 70.7%+23.8pp |
| Annual return | 12.99% | 18.46%-5.5pp | 46.48%-33.5pp | 28.51%-15.5pp |
| Employer contribution / active EE | $0 | $2,628-100.0% | $3,660-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $3,719 | $3,301+12.7% | $4,371-14.9% | $3,740-0.6% |
| Admin fee / account holder | $304 | $704-56.8% | $5,948-94.9% | $513-40.7% |