Filed August 24, 2023
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $80,179 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $10,320 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
WILSHIRE ASSOCIATES INCORPORATED6+ years 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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $300,838 | $62,132+384.2% | $185,861+61.9% | $73,497+309.3% |
| Participation rate | 98.3% | 67.8%+30.5pp | 78.0%+20.2pp | 70.7%+27.6pp |
| Annual return | 13.79% | 20.44%-6.6pp | 35.96%-22.2pp | 28.51%-14.7pp |
| Employer contribution / active EE | $11,615 | $1,681+590.9% | $4,088+184.1% | $2,270+411.7% |
| Participant deferral / active EE | $10,577 | $3,711+185.0% | $5,634+87.7% | $3,740+182.8% |
| Admin fee / account holder | $404 | $419-3.6% | $9,503-95.8% | $513-21.3% |