Filed January 2, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $100,896 |
Service code 27 · EIN 04-2675571 | Advisory (Plan) | $43,861 |
7G DISTRIBUTING, LLC2 years Service code 10 · EIN 27-2050486 | Accounting | $5,358 |
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 | $113,081 | $83,045+36.2% | $130,045-13.0% | $71,511+58.1% |
| Participation rate | 99.5% | 74.1%+25.4pp | 78.5%+21.0pp | 67.9%+31.6pp |
| Annual return | 15.86% | 20.61%-4.7pp | -137.30%+153.2pp | 28.86%-13.0pp |
| Employer contribution / active EE | $1,929 | $2,623-26.5% | $4,321-55.4% | $2,589-25.5% |
| Participant deferral / active EE | $4,956 | $4,436+11.7% | $5,820-14.8% | $4,291+15.5% |
| Admin fee / account holder | $428 | $1,727-75.2% | $10,600-96.0% | $1,588-73.1% |