Filed August 15, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $162,748 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $74,017 |
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.)
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 | $162,962 | $121,341+34.3% | $189,537-14.0% | $79,391+105.3% |
| Participation rate | 100.0% | 86.1%+13.9pp | 87.8%+12.2pp | 70.7%+29.3pp |
| Annual return | 12.09% | 21.08%-9.0pp | 555.34%-543.3pp | 116.88%-104.8pp |
| Employer contribution / active EE | $2,687 | $3,915-31.4% | $6,161-56.4% | $2,428+10.7% |
| Participant deferral / active EE | $7,355 | $6,395+15.0% | $8,220-10.5% | $4,046+81.8% |
| Admin fee / account holder | $577 | $651-11.4% | $12,048-95.2% | $627-7.9% |