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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $123,995 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $85,075 |
N.A. FALCONE & ASSOCIATES, INC.4+ years Service code 13 · EIN 23-2773128 | Contract Administrator | $30,138 |
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 | $178,169 | $47,163+277.8% | $149,696+19.0% | $74,460+139.3% |
| Participation rate | 94.1% | 63.4%+30.6pp | 78.8%+15.3pp | 70.7%+23.3pp |
| Annual return | 74.46% | 22.75%+51.7pp | 134.46%-60.0pp | 34.38%+40.1pp |
| Employer contribution / active EE | $8,068 | $1,907+323.1% | $4,821+67.4% | $2,638+205.8% |
| Participant deferral / active EE | $7,199 | $2,730+163.7% | $5,682+26.7% | $4,530+58.9% |
| Admin fee / account holder | $329 | $343-3.9% | $13,212-97.5% | $348-5.3% |