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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,900 |
Filed as: PRINCIPAL SECURITIES, INC. Service code 49 · EIN 42-0941553 | Other Services | $6,435 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,926 | $86,655-50.5% | $119,609-64.1% | $66,914-35.9% |
| Participation rate | 42.6% | 75.6%-32.9pp | 79.3%-36.6pp | 69.8%-27.2pp |
| Annual return | -17.44% | -8.00%-9.4pp | -14.97%-2.5pp | 1.58%-19.0pp |
| Employer contribution / active EE | $366 | $2,536-85.6% | $4,232-91.4% | $2,544-85.6% |
| Participant deferral / active EE | $2,486 | $4,358-43.0% | $5,602-55.6% | $4,237-41.3% |
| Admin fee / account holder | $342 | $755-54.7% | $10,323-96.7% | $593-42.4% |