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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 | $102,422+94.0% | $147,117+35.0% | $80,959+145.4% |
| Participation rate | 90.9% | 75.9%+15.0pp | 82.2%+8.7pp | 67.7%+23.2pp |
| Annual return | 10.18% | 135.16%-125.0pp | 420.54%-410.4pp | 35.67%-25.5pp |
| Employer contribution / active EE | $2,638 | $3,717-29.0% | $4,932-46.5% | $2,757-4.3% |
| Participant deferral / active EE | $9,418 | $6,652+41.6% | $8,065+16.8% | $4,300+119.0% |
| Admin fee / account holder | $837 | $7,953-89.5% | $12,993-93.6% | $6,925-87.9% |