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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $69,836 |
Filed as: RAYMOND JAMES FIN SVCS ADVISORS Service code 27 · EIN 59-2937883 | Advisory (Plan) | $31,948 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $70,753 | $79,867-11.4% | $120,344-41.2% | $64,340+10.0% |
| Participation rate | 96.8% | 63.0%+33.8pp | 76.7%+20.1pp | 55.2%+41.5pp |
| Annual return | 14.68% | 21.10%-6.4pp | 20.30%-5.6pp | 24.14%-9.5pp |
| Employer contribution / active EE | $691 | $1,925-64.1% | $3,020-77.1% | $1,862-62.9% |
| Participant deferral / active EE | $3,505 | $3,593-2.4% | $5,135-31.7% | $2,980+17.6% |
| Admin fee / account holder | $302 | $5,039-94.0% | $12,742-97.6% | $3,703-91.8% |