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 | $36,904-64.9% | $158,223-91.8% | $65,191-80.1% |
| Participation rate | 55.2% | 62.1%-6.9pp | 79.2%-24.0pp | 63.0%-7.8pp |
| Annual return | 12.29% | 24.43%-12.1pp | 52.09%-39.8pp | 51.24%-39.0pp |
| Employer contribution / active EE | $0 | $1,489-100.0% | $4,109-100.0% | $2,400-100.0% |
| Participant deferral / active EE | $634 | $1,936-67.2% | $5,467-88.4% | $2,671-76.3% |
| Admin fee / account holder | $118 | $793-85.2% | $16,047-99.3% | $907-87.0% |