Filed September 6, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $124,292 |
STIFEL NICOLAUS & CO INC5 years Filed as: STIFEL, NICOLAUS, AND COMPANY Service code 27 · EIN 43-0538770 | Advisory (Plan) | $64,414 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $85,947 | $103,024-16.6% | $112,040-23.3% | $79,634+7.9% |
| Participation rate | 68.4% | 80.6%-12.1pp | 76.5%-8.0pp | 62.5%+6.0pp |
| Annual return | 10.56% | 17.60%-7.0pp | 24.52%-14.0pp | 36.46%-25.9pp |
| Employer contribution / active EE | $1,885 | $3,015-37.5% | $2,954-36.2% | $2,529-25.5% |
| Participant deferral / active EE | $3,915 | $5,233-25.2% | $5,098-23.2% | $3,835+2.1% |
| Admin fee / account holder | $393 | $465-15.5% | $12,098-96.8% | $1,002-60.8% |