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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $55,208 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $16,572 |
GF VALDEZ, P.C.1 year Filed as: GF VALDEZ PC Service code 13 · EIN 20-0842060 | Contract Administrator | $0 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $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 | $54,195 | $88,203-38.6% | $165,100-67.2% | $74,478-27.2% |
| Participation rate | 93.7% | 73.1%+20.6pp | 78.6%+15.1pp | 67.2%+26.5pp |
| Annual return | 20.01% | 17.13%+2.9pp | 70.21%-50.2pp | 1370.56%-1350.6pp |
| Employer contribution / active EE | $2,703 | $2,601+3.9% | $4,348-37.8% | $2,626+2.9% |
| Participant deferral / active EE | $3,013 | $4,505-33.1% | $6,035-50.1% | $4,350-30.7% |
| Admin fee / account holder | $432 | $2,235-80.7% | $12,696-96.6% | $1,946-77.8% |