Filed December 6, 2023
Total covered: 17 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,889 |
Filed as: NYLIFE SECURITIES LLC Service code 49 · EIN 27-0145686 | Other Services | $11,640 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,666 | $46,732-30.1% | $156,551-79.1% | $55,167-40.8% |
| Participation rate | 60.8% | 65.8%-5.0pp | 84.0%-23.2pp | 69.0%-8.2pp |
| Annual return | 4.80% | 17.72%-12.9pp | 32.23%-27.4pp | 169.23%-164.4pp |
| Employer contribution / active EE | $480 | $2,105-77.2% | $5,501-91.3% | $1,963-75.5% |
| Participant deferral / active EE | $2,194 | $2,204-0.5% | $4,871-55.0% | $3,054-28.2% |
| Admin fee / account holder | $102 | $418-75.6% | $13,028-99.2% | $504-79.7% |