Filed January 2, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $120,190 |
Service code 27 · EIN 04-2675571 | Advisory (Plan) | $55,050 |
7G DISTRIBUTING, LLC4 years Service code 10 · EIN 27-2050486 | Accounting | $14,500 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $145,416 | $91,760+58.5% | $156,181-6.9% | $67,986+113.9% |
| Participation rate | 100.0% | 65.0%+35.0pp | 78.8%+21.2pp | 57.2%+42.8pp |
| Annual return | 14.30% | 18.14%-3.8pp | 64.87%-50.6pp | 31.67%-17.4pp |
| Employer contribution / active EE | $2,194 | $2,419-9.3% | $4,294-48.9% | $2,019+8.7% |
| Participant deferral / active EE | $5,701 | $3,960+44.0% | $6,132-7.0% | $3,358+69.8% |
| Admin fee / account holder | $546 | $3,949-86.2% | $14,586-96.3% | $3,203-82.9% |