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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $111,613 |
Service code 27 · EIN 74-2794194 | Advisory (Plan) | $71,812 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $162,915 | $75,183+116.7% | $123,894+31.5% | $55,167+195.3% |
| Participation rate | 94.7% | 72.8%+21.9pp | 81.4%+13.3pp | 69.0%+25.7pp |
| Annual return | 10.91% | 19.01%-8.1pp | 47.52%-36.6pp | 169.23%-158.3pp |
| Employer contribution / active EE | $15,126 | $2,823+435.7% | $4,617+227.6% | $1,963+670.7% |
| Participant deferral / active EE | $9,797 | $5,084+92.7% | $5,984+63.7% | $3,054+220.8% |
| Admin fee / account holder | $649 | $663-2.1% | $8,357-92.2% | $504+28.8% |