Filed December 11, 2008
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL FINANCIAL GROUP Service code 15 · EIN 42-0127290 | Recordkeeping | $112,644 |
BKD, LLP2 years Filed as: BKD Service code 10 · EIN 44-0160260 | Accounting | $39,260 |
FIDUCIARY TRUST SVC, INC.1 year Service code 21 · EIN 20-0070298 | Bank Trustee | $37,200 |
KATZ, SAPPER & MILLER1 year Service code 34 · EIN 35-2123203 | Direct payment from the plan; Valuati... | $31,412 |
OLSON LEGAL1 year Filed as: OLSON MILLS LAW FIRM LLC Service code 29 · EIN 26-2841013 | Legal | $17,511 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,561 | $65,118-86.9% | $76,768-88.8% | $55,725-84.6% |
| Participation rate | 98.7% | 79.6%+19.1pp | 77.0%+21.7pp | 70.9%+27.8pp |
| Annual return | 2.71% | -1.27%+4.0pp | 2.43%+0.3pp | 244.93%-242.2pp |
| Employer contribution / active EE | $0 | $1,941-100.0% | $2,485-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $0 | $3,688-100.0% | $3,852-100.0% | $3,356-100.0% |
| Admin fee / account holder | $381 | $116+229.0% | $6,675-94.3% | $115+231.0% |