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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,796 |
MCGRIFF INSURANCE SERVICES2 years Filed as: MCGRIFF INSURANCE Service code 27 · EIN 56-1623293 | Advisory (Plan) | $44,467 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $73,664 | $54,193+35.9% | $93,669-21.4% | $77,714-5.2% |
| Participation rate | 58.8% | 63.9%-5.1pp | 68.7%-9.9pp | 70.6%-11.8pp |
| Annual return | 16.54% | 30.54%-14.0pp | 133.59%-117.1pp | 31.26%-14.7pp |
| Employer contribution / active EE | $1,793 | $1,168+53.5% | $2,424-26.0% | $2,727-34.2% |
| Participant deferral / active EE | $5,947 | $3,144+89.2% | $4,416+34.7% | $4,649+27.9% |
| Admin fee / account holder | $269 | $576-53.3% | $8,291-96.8% | $433-37.9% |