Filed December 31, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 17 · EIN 13-5674085 | Pension Consulting | $64,087 |
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,098 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $177,684 | $74,706+137.8% | $75,714+134.7% | $79,391+123.8% |
| Participation rate | 96.2% | 75.3%+20.8pp | 74.8%+21.3pp | 70.7%+25.5pp |
| Annual return | 12.00% | 18.52%-6.5pp | 104.62%-92.6pp | 116.88%-104.9pp |
| Employer contribution / active EE | $3,730 | $2,590+44.0% | $2,744+35.9% | $2,428+53.6% |
| Participant deferral / active EE | $9,374 | $3,533+165.3% | $3,820+145.4% | $4,046+131.7% |
| Admin fee / account holder | $586 | $374+56.6% | $3,619-83.8% | $627-6.4% |