Filed February 7, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $269,607 |
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 27 · EIN 26-4310632 1 NEW YORK PLAZA, FLOOR 12 · NEW YORK, NY 100041901 | Advisory (Plan) | $70,000 |
ACTUARIAL BENEFITS CORP5 years Filed as: ACTUARIAL BENEFITS CORPORATION Service code 13 · EIN 20-1054428 2790 SKYPARD DRIVE, SUITE 300 · TORRANCE, CA 90505 | Contract Administrator | $44,249 |
WRIGHT FORD YOUNG & CO4 years Filed as: WRIGHT FORD YOUNG & CO. Service code 10 | Accounting | $12,000 |
WRIGHT FORD YOUNG & CO4 years Filed as: WRIGHT FORD YOUNG Service code 10 · EIN 95-3288054 16140 SAND CANYON AVENUE · IRVINE, CA 92618 | Accounting | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,912 | $114,195-37.0% | $106,555-32.5% | $93,010-22.7% |
| Participation rate | 67.9% | 86.4%-18.5pp | 76.1%-8.3pp | 73.9%-6.0pp |
| Annual return | 7.30% | 22.18%-14.9pp | 26.80%-19.5pp | 158.70%-151.4pp |
| Employer contribution / active EE | $2,100 | $4,009-47.6% | $2,819-25.5% | $2,705-22.4% |
| Participant deferral / active EE | $3,594 | $5,908-39.2% | $4,399-18.3% | $4,561-21.2% |
| Admin fee / account holder | $177 | $105+68.7% | $7,408-97.6% | $152+16.5% |