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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,641 |
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 26-4310632 | Advisory (Plan) | $7,987 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $132,104 | $58,726+124.9% | $92,236+43.2% | $62,293+112.1% |
| Participation rate | 80.7% | 68.3%+12.3pp | 76.5%+4.2pp | 69.5%+11.2pp |
| Annual return | 17.92% | 43.62%-25.7pp | 176.29%-158.4pp | 28.90%-11.0pp |
| Employer contribution / active EE | $2,063 | $2,392-13.8% | $3,679-43.9% | $2,042+1.0% |
| Participant deferral / active EE | $5,427 | $2,766+96.2% | $3,897+39.3% | $3,169+71.2% |
| Admin fee / account holder | $409 | $556-26.5% | $5,194-92.1% | $479-14.6% |