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.
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 | $12,971 | $38,165-66.0% | $189,758-93.2% | $69,255-81.3% |
| Participation rate | 55.2% | 66.7%-11.5pp | 79.8%-24.6pp | 69.0%-13.8pp |
| Annual return | 12.29% | 14.65%-2.4pp | 52.62%-40.3pp | 26.73%-14.4pp |
| Employer contribution / active EE | $0 | $1,589-100.0% | $4,767-100.0% | $2,645-100.0% |
| Participant deferral / active EE | $634 | $2,073-69.4% | $5,856-89.2% | $2,890-78.1% |
| Admin fee / account holder | $118 | $714-83.5% | $20,388-99.4% | $733-83.9% |