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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $104,179 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 49 · EIN 02-6431063 | Other Services | $43,450 |
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 | $70,531 | $89,123-20.9% | $102,460-31.2% | $77,762-9.3% |
| Participation rate | 94.8% | 80.9%+13.9pp | 76.5%+18.3pp | 70.6%+24.2pp |
| Annual return | 12.12% | 25.05%-12.9pp | 29.47%-17.4pp | 31.27%-19.2pp |
| Employer contribution / active EE | $1,490 | $2,700-44.8% | $3,025-50.8% | $2,728-45.4% |
| Participant deferral / active EE | $5,881 | $5,148+14.2% | $5,056+16.3% | $4,651+26.5% |
| Admin fee / account holder | $306 | $236+29.5% | $9,460-96.8% | $433-29.4% |