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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,399 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 | Other Services | $37,899 |
MAXUS PLAN SOLUTIONS2 years Filed as: MAXUS PLAN SOLUTIONS INC Service code 49 | Other Services | $10,659 |
MAXUS PLAN SOLUTIONS4+ years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 49 · EIN 45-4012897 | Other Services | $0 |
Filed as: PRINCIPAL SECURITIES Service code 49 · EIN 42-0941553 | Other Services | $0 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $243,366 | $85,202+185.6% | $172,739+40.9% | $72,985+233.4% |
| Participation rate | 94.5% | 70.1%+24.4pp | 82.6%+11.9pp | 69.5%+25.0pp |
| Annual return | 20.51% | 27.32%-6.8pp | 802.84%-782.3pp | 81.00%-60.5pp |
| Employer contribution / active EE | $0 | $3,324-100.0% | $5,143-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $6,827 | $3,260+109.4% | $5,198+31.4% | $3,607+89.3% |
| Admin fee / account holder | $605 | $5,884-89.7% | $13,954-95.7% | $5,124-88.2% |