Filed September 4, 2015
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $50,286 |
Service code 27 · EIN 71-0927304 | Advisory (Plan) | $27,694 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $40,826 | $80,731-49.4% | $103,374-60.5% | $74,546-45.2% |
| Participation rate | 94.8% | 65.7%+29.2pp | 74.5%+20.3pp | 67.2%+27.6pp |
| Annual return | 8.56% | 27.56%-19.0pp | 24.89%-16.3pp | 1366.03%-1357.5pp |
| Employer contribution / active EE | $1,295 | $3,158-59.0% | $3,869-66.5% | $2,624-50.6% |
| Participant deferral / active EE | $5,601 | $3,860+45.1% | $5,058+10.8% | $4,347+28.8% |
| Admin fee / account holder | $305 | $2,369-87.1% | $8,394-96.4% | $1,944-84.3% |