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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $57,853 |
TBS AGENCY INC1 year Service code 49 · EIN 52-1473914 | Other Services | $15,790 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $56,048 | $66,486-15.7% | $81,370-31.1% | $77,762-27.9% |
| Participation rate | 30.7% | 68.7%-38.0pp | 69.5%-38.8pp | 70.6%-39.9pp |
| Annual return | 49.43% | 15.95%+33.5pp | 24.85%+24.6pp | 31.27%+18.2pp |
| Employer contribution / active EE | $865 | $2,158-59.9% | $2,464-64.9% | $2,728-68.3% |
| Participant deferral / active EE | $1,717 | $3,677-53.3% | $3,885-55.8% | $4,651-63.1% |
| Admin fee / account holder | $344 | $586-41.2% | $5,749-94.0% | $433-20.5% |