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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $38,290 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,697 | $64,340-4.1% | $118,106-47.8% | $64,340-4.1% |
| Participation rate | 70.5% | 55.2%+15.3pp | 81.9%-11.3pp | 55.2%+15.3pp |
| Annual return | 12.37% | 24.14%-11.8pp | 19.44%-7.1pp | 24.14%-11.8pp |
| Employer contribution / active EE | $1,565 | $1,862-16.0% | $4,698-66.7% | $1,862-16.0% |
| Participant deferral / active EE | $2,619 | $2,980-12.1% | $6,619-60.4% | $2,980-12.1% |
| Admin fee / account holder | $372 | $3,703-90.0% | $8,973-95.9% | $3,703-90.0% |