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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $35,725 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $47,803 | $42,367+12.8% | $79,576-39.9% | $64,814-26.2% |
| Participation rate | 33.1% | 64.7%-31.6pp | 69.5%-36.4pp | 71.5%-38.4pp |
| Annual return | -10.57% | -12.23%+1.7pp | 0.15%-10.7pp | 32.84%-43.4pp |
| Employer contribution / active EE | $267 | $1,181-77.4% | $2,413-88.9% | $2,507-89.3% |
| Participant deferral / active EE | $1,997 | $3,170-37.0% | $3,985-49.9% | $4,310-53.7% |
| Admin fee / account holder | $354 | $160+121.7% | $6,834-94.8% | $188+88.3% |