Filed August 26, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $873 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,928 | $51,288-90.4% | $81,982-94.0% | $73,412-93.3% |
| Participation rate | 4.9% | 64.0%-59.1pp | 69.3%-64.4pp | 72.2%-67.3pp |
| Annual return | 101.00% | 29.48%+71.5pp | 41.31%+59.7pp | 59.30%+41.7pp |
| Employer contribution / active EE | $0 | $1,487-100.0% | $2,498-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $183 | $2,715-93.3% | $3,722-95.1% | $3,806-95.2% |
| Admin fee / account holder | $44 | $125-65.1% | $5,665-99.2% | $158-72.3% |