Filed October 28, 2020 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $45,992 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $20,052 |
EIDE BAILLY LLP3 years Service code 10 · EIN 45-0250958 | Accounting | $7,745 |
WILSHIRE ASSOCIATES INCORPORATED4+ 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,069 | $44,007+43.3% | $154,110-59.1% | $68,904-8.5% |
| Participation rate | 31.5% | 70.0%-38.5pp | 83.0%-51.5pp | 74.1%-42.6pp |
| Annual return | -5.33% | 8.15%-13.5pp | 735.22%-740.6pp | 1.07%-6.4pp |
| Employer contribution / active EE | $1 | $1,732-99.9% | $5,298-100.0% | $2,540-99.9% |
| Participant deferral / active EE | $240 | $2,813-91.5% | $5,081-95.3% | $4,015-94.0% |
| Admin fee / account holder | $9 | $65-85.4% | $13,412-99.9% | $71-86.8% |