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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $92,657 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $39,937 |
CLIENTS 1ST CPA, PC2 years Service code 10 · EIN 92-1496310 | Accounting | $17,000 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $198,649 | $102,382+94.0% | $147,005+35.1% | $80,874+145.6% |
| Participation rate | 90.9% | 75.8%+15.1pp | 82.2%+8.7pp | 67.6%+23.3pp |
| Annual return | 10.18% | 134.89%-124.7pp | 418.76%-408.6pp | 35.62%-25.4pp |
| Employer contribution / active EE | $2,638 | $3,715-29.0% | $4,934-46.5% | $2,756-4.3% |
| Participant deferral / active EE | $9,418 | $6,646+41.7% | $8,070+16.7% | $4,297+119.2% |
| Admin fee / account holder | $837 | $7,942-89.5% | $13,006-93.6% | $6,935-87.9% |