Filed September 6, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $118,403 |
STIFEL NICOLAUS & CO INC4 years Filed as: STIFEL, NICOLAUS, AND COMPANY Service code 27 · EIN 43-0538770 | Advisory (Plan) | $63,554 |
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 | $91,119 | $89,054+2.3% | $102,457-11.1% | $77,692+17.3% |
| Participation rate | 60.3% | 80.9%-20.7pp | 76.5%-16.2pp | 70.6%-10.3pp |
| Annual return | 10.26% | 25.02%-14.8pp | 29.41%-19.1pp | 31.25%-21.0pp |
| Employer contribution / active EE | $1,558 | $2,698-42.2% | $3,022-48.4% | $2,726-42.8% |
| Participant deferral / active EE | $3,636 | $5,146-29.3% | $5,054-28.1% | $4,648-21.8% |
| Admin fee / account holder | $407 | $236+72.7% | $9,451-95.7% | $431-5.4% |