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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $137,064 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $103,831 |
N.A. FALCONE & ASSOCIATES, INC.5+ years Service code 13 · EIN 23-2773128 | Contract Administrator | $56,879 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $158,612 | $50,820+212.1% | $155,567+2.0% | $77,671+104.2% |
| Participation rate | 96.8% | 63.1%+33.7pp | 78.2%+18.6pp | 70.6%+26.2pp |
| Annual return | 13.34% | 34.85%-21.5pp | 64.74%-51.4pp | 31.21%-17.9pp |
| Employer contribution / active EE | $8,720 | $1,993+337.6% | $4,674+86.6% | $2,726+219.8% |
| Participant deferral / active EE | $8,330 | $2,823+195.1% | $5,628+48.0% | $4,648+79.2% |
| Admin fee / account holder | $321 | $436-26.4% | $15,916-98.0% | $430-25.5% |