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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $38,046 |
SUNTRUST BANKS, INC.3 years Filed as: TRUIST ADVISORY SERVICES, INC. Service code 27 · EIN 37-1808847 | Advisory (Plan) | $19,713 |
ERISA SERVICES, INC.4 years Service code 13 · EIN 62-1200951 | Contract Administrator | $7,691 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,820 | $198,836-67.4% | $102,437-36.7% | - |
| Participation rate | 84.8% | 60.8%+24.0pp | 74.5%+10.3pp | - |
| Annual return | 13.76% | 12.43%+1.3pp | 24.95%-11.2pp | - |
| Employer contribution / active EE | $2,583 | $2,607-0.9% | $3,871-33.3% | - |
| Participant deferral / active EE | $4,309 | $3,407+26.5% | $5,060-14.8% | - |
| Admin fee / account holder | $312 | $10,004-96.9% | $8,388-96.3% | - |