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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $48,140 |
Service code 27 · EIN 47-3030907 | Advisory (Plan) | $30,369 |
BURLEIGH CONSULTING GROUP2 years Service code 13 · EIN 62-0842964 | Contract Administrator | $9,375 |
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.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,514 | $88,515-53.1% | $162,185-74.4% | $67,582-38.6% |
| Participation rate | 57.4% | 86.8%-29.4pp | 87.6%-30.2pp | 71.3%-13.9pp |
| Annual return | 26.19% | 27.04%-0.9pp | 115.61%-89.4pp | 378.57%-352.4pp |
| Employer contribution / active EE | $947 | $3,563-73.4% | $5,613-83.1% | $2,148-55.9% |
| Participant deferral / active EE | $3,512 | $5,724-38.6% | $7,297-51.9% | $3,539-0.8% |
| Admin fee / account holder | $425 | $124+243.3% | $10,844-96.1% | $142+198.4% |