Filed March 6, 2023 (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 | $20,234 |
Filed as: MORGAN STANLEY Service code 49 · EIN 26-4310632 | Other Services | $4,633 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $12,971 | $46,464-72.1% | $150,298-91.4% | $79,634-83.7% |
| Participation rate | 55.2% | 57.0%-1.8pp | 77.8%-22.6pp | 62.5%-7.3pp |
| Annual return | 12.29% | 27.89%-15.6pp | 62.79%-50.5pp | 36.46%-24.2pp |
| Employer contribution / active EE | $0 | $1,512-100.0% | $4,154-100.0% | $2,529-100.0% |
| Participant deferral / active EE | $634 | $2,157-70.6% | $5,453-88.4% | $3,835-83.5% |
| Admin fee / account holder | $118 | $891-86.8% | $14,116-99.2% | $1,002-88.3% |