Filed October 28, 2020 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $133,109 |
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.
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 | $75,822 | $52,346+44.8% | $143,801-47.3% | $78,104-2.9% |
| Participation rate | 31.6% | 72.7%-41.1pp | 80.3%-48.7pp | 74.5%-42.9pp |
| Annual return | -15.72% | -14.19%-1.5pp | -0.04%-15.7pp | 10.90%-26.6pp |
| Employer contribution / active EE | $0 | $2,131-100.0% | $4,952-100.0% | $3,128-100.0% |
| Participant deferral / active EE | $297 | $3,800-92.2% | $5,639-94.7% | $5,089-94.2% |
| Admin fee / account holder | $57 | $63-9.9% | $14,680-99.6% | $79-27.6% |