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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO. Service code 13 · EIN 42-0127290 P.O. BOX 9394 · DES MOINES, IA 50306 | Contract Administrator | $970 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $554 |
Service code 12 · EIN 68-0005849 1320 HARBOR BAY PARKWAY, SUITE 210 · ALAMEDA, CA 94502 | Contract Administrator; Consulting (p... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $76,922 | $82,163-6.4% | $125,381-38.6% | $64,819+18.7% |
| Participation rate | 64.6% | 77.9%-13.3pp | 82.4%-17.8pp | 71.5%-6.9pp |
| Annual return | -14.90% | 3.49%-18.4pp | 572.31%-587.2pp | 32.84%-47.7pp |
| Employer contribution / active EE | $140 | $3,616-96.1% | $4,815-97.1% | $2,507-94.4% |
| Participant deferral / active EE | $5,269 | $7,175-26.6% | $7,448-29.2% | $4,311+22.2% |
| Admin fee / account holder | $20 | $163-87.9% | $10,007-99.8% | $188-89.5% |