Filed November 17, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $202,422 |
WELLS FARGO BANK, N.A.2 years Filed as: LEGACY - WELLS FARGO ADVISORS Service code 28 · EIN 34-1542819 | Investment Management | $20,000 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,603 | $105,190-37.6% | $98,920-33.7% | $90,274-27.3% |
| Participation rate | 69.2% | 86.4%-17.2pp | 76.0%-6.9pp | 73.4%-4.2pp |
| Annual return | 17.78% | 18.52%-0.7pp | 196.47%-178.7pp | 53.97%-36.2pp |
| Employer contribution / active EE | $1,450 | $3,831-62.2% | $2,689-46.1% | $2,523-42.6% |
| Participant deferral / active EE | $2,546 | $5,616-54.7% | $4,245-40.0% | $4,231-39.8% |
| Admin fee / account holder | $121 | $97+23.9% | $6,643-98.2% | $114+5.8% |