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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $24,282 |
THOMAS BEAL4+ years Filed as: THOMAS, JAMES W. Service code 49 11914 OLD ELM CT · SPOTSYLVANIA, VA 225514696 | Other Services | $4,445 |
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 | $73,659 | $56,484+30.4% | $169,452-56.5% | $64,173+14.8% |
| Participation rate | 72.5% | 64.5%+8.0pp | 77.8%-5.2pp | 69.6%+3.0pp |
| Annual return | -3.73% | -1.55%-2.2pp | 1.83%-5.6pp | 7.63%-11.4pp |
| Employer contribution / active EE | $0 | $1,832-100.0% | $4,157-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $4,109 | $3,448+19.2% | $5,277-22.1% | $3,470+18.4% |
| Admin fee / account holder | $342 | $4,174-91.8% | $9,110-96.2% | $4,887-93.0% |