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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,947 | $100,061-14.1% | $120,344-28.6% | $64,728+32.8% |
| Participation rate | 68.4% | 79.8%-11.4pp | 76.7%-8.3pp | 57.9%+10.5pp |
| Annual return | 10.56% | 16.53%-6.0pp | 20.30%-9.7pp | 49.38%-38.8pp |
| Employer contribution / active EE | $1,885 | $3,112-39.4% | $3,020-37.6% | $2,243-16.0% |
| Participant deferral / active EE | $3,915 | $4,955-21.0% | $5,135-23.7% | $2,729+43.5% |
| Admin fee / account holder | $393 | $428-8.2% | $12,742-96.9% | $1,145-65.7% |