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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MCGRIFF INSURANCE Service code 27 · EIN 56-1623293 | Advisory (Plan) | $36,256 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $35,929 |
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 | $63,051 | $53,165+18.6% | $86,235-26.9% | $74,473-15.3% |
| Participation rate | 56.1% | 64.9%-8.7pp | 69.0%-12.9pp | 70.7%-14.6pp |
| Annual return | 18.92% | 22.64%-3.7pp | 1170.03%-1151.1pp | 34.36%-15.4pp |
| Employer contribution / active EE | $1,717 | $1,210+41.9% | $2,381-27.9% | $2,638-34.9% |
| Participant deferral / active EE | $5,527 | $3,234+70.9% | $3,987+38.6% | $4,530+22.0% |
| Admin fee / account holder | $226 | $551-59.0% | $6,856-96.7% | $347-34.8% |