Filed August 15, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $54,850 |
Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO. Service code 27 · EIN 39-2018056 | Advisory (Plan) | $35,603 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,048 | $88,186-1.3% | $165,071-47.3% | $74,459+16.9% |
| Participation rate | 79.1% | 73.1%+5.9pp | 78.6%+0.4pp | 67.2%+11.8pp |
| Annual return | 14.30% | 17.13%-2.8pp | 70.17%-55.9pp | 1369.70%-1355.4pp |
| Employer contribution / active EE | $3,133 | $2,600+20.5% | $4,347-27.9% | $2,626+19.3% |
| Participant deferral / active EE | $5,000 | $4,505+11.0% | $6,035-17.2% | $4,350+14.9% |
| Admin fee / account holder | $305 | $2,234-86.4% | $12,695-97.6% | $1,945-84.3% |