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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $60,934 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $18,397 |
GF VALDEZ PC2 years Service code 10 · EIN 20-0842060 | Accounting | $9,500 |
MORNINGSTAR4 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.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,645 | $91,760-38.3% | $156,181-63.7% | $67,986-16.7% |
| Participation rate | 95.5% | 65.0%+30.5pp | 78.8%+16.7pp | 57.2%+38.3pp |
| Annual return | 12.83% | 18.14%-5.3pp | 64.87%-52.0pp | 31.67%-18.8pp |
| Employer contribution / active EE | $1,877 | $2,419-22.4% | $4,294-56.3% | $2,019-7.0% |
| Participant deferral / active EE | $3,082 | $3,960-22.2% | $6,132-49.7% | $3,358-8.2% |
| Admin fee / account holder | $474 | $3,949-88.0% | $14,586-96.7% | $3,203-85.2% |