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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,971 | $50,982-74.6% | $154,803-91.6% | $85,563-84.8% |
| Participation rate | 55.2% | 59.8%-4.6pp | 78.1%-22.9pp | 66.0%-10.8pp |
| Annual return | 12.29% | 30.35%-18.1pp | 58.88%-46.6pp | 31.51%-19.2pp |
| Employer contribution / active EE | $0 | $1,708-100.0% | $4,305-100.0% | $2,654-100.0% |
| Participant deferral / active EE | $634 | $2,474-74.4% | $5,540-88.6% | $4,375-85.5% |
| Admin fee / account holder | $118 | $846-86.1% | $14,329-99.2% | $834-85.9% |