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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $71,650 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $39,466 |
N.A. FALCONE & ASSOCIATES, INC.1+ years Service code 13 · EIN 23-2773128 | Contract Administrator | $17,625 |
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 | $198,125 | $58,895+236.4% | $178,503+11.0% | $73,497+169.6% |
| Participation rate | 98.8% | 66.2%+32.5pp | 81.9%+16.8pp | 70.7%+28.1pp |
| Annual return | 14.44% | 24.86%-10.4pp | 151.12%-136.7pp | 28.51%-14.1pp |
| Employer contribution / active EE | $7,400 | $2,236+231.0% | $5,011+47.7% | $2,270+226.0% |
| Participant deferral / active EE | $7,536 | $2,567+193.6% | $5,202+44.9% | $3,740+101.5% |
| Admin fee / account holder | $361 | $400-9.9% | $13,987-97.4% | $513-29.7% |