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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $47,622 |
Filed as: CARY STREET PARTNERS INVESTMENT ADV Service code 27 · EIN 26-0070474 | Advisory (Plan) | $24,315 |
BKD, LLP2 years Filed as: DIXON HUGHES GOODMAN LLP Service code 13 · EIN 56-0747981 | Contract Administrator | $5,324 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,785 | $33,067+20.3% | $76,518-48.0% | $56,287-29.3% |
| Participation rate | 84.6% | 55.4%+29.2pp | 68.0%+16.6pp | 69.9%+14.7pp |
| Annual return | -13.44% | 2.72%-16.2pp | -0.27%-13.2pp | -9.96%-3.5pp |
| Employer contribution / active EE | $3,182 | $1,200+165.1% | $2,647+20.2% | $2,111+50.7% |
| Participant deferral / active EE | $4,726 | $2,240+111.0% | $3,836+23.2% | $3,350+41.1% |
| Admin fee / account holder | $377 | $537-29.9% | $4,849-92.2% | $521-27.7% |