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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $105,553 |
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $58,064 |
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 | $129,145 | $86,341+49.6% | $125,195+3.2% | $65,186+98.1% |
| Participation rate | 84.7% | 75.3%+9.4pp | 79.8%+4.9pp | 70.2%+14.5pp |
| Annual return | 21.67% | 27.44%-5.8pp | 43.79%-22.1pp | 29.39%-7.7pp |
| Employer contribution / active EE | $755 | $2,040-63.0% | $3,866-80.5% | $2,177-65.3% |
| Participant deferral / active EE | $6,886 | $3,538+94.6% | $4,937+39.5% | $3,514+96.0% |
| Admin fee / account holder | $484 | $609-20.5% | $9,704-95.0% | $847-42.9% |