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 | $88,117-1.2% | $164,928-47.2% | $74,400+17.0% |
| Participation rate | 79.1% | 73.1%+6.0pp | 78.6%+0.4pp | 67.2%+11.9pp |
| Annual return | 14.30% | 17.27%-3.0pp | 70.08%-55.8pp | 1367.51%-1353.2pp |
| Employer contribution / active EE | $3,133 | $2,596+20.7% | $4,343-27.9% | $2,624+19.4% |
| Participant deferral / active EE | $5,000 | $4,501+11.1% | $6,034-17.1% | $4,348+15.0% |
| Admin fee / account holder | $305 | $2,230-86.3% | $12,684-97.6% | $1,944-84.3% |