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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,889 |
Filed as: INSTITUTIONAL AND FAMILY ASSET MGMT Service code 27 · EIN 47-2600132 | Advisory (Plan) | $18,452 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,175 | $65,376+1.2% | $87,104-24.0% | $65,185+1.5% |
| Participation rate | 88.9% | 75.3%+13.6pp | 76.9%+12.0pp | 70.2%+18.7pp |
| Annual return | 24.14% | 31.27%-7.1pp | 28.19%-4.1pp | 29.38%-5.2pp |
| Employer contribution / active EE | $1,589 | $1,822-12.8% | $2,521-37.0% | $2,177-27.0% |
| Participant deferral / active EE | $2,755 | $3,388-18.7% | $4,048-32.0% | $3,514-21.6% |
| Admin fee / account holder | $367 | $520-29.3% | $7,491-95.1% | $847-56.6% |