Filed December 12, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $238,783 |
DELOITTE & TOUCHE LLP6 years Filed as: DELOITTE CONSULTING LLP Service code 11 · EIN 06-1454513 | Actuarial | $85,067 |
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL, NICHOLAUS AND COMPANY Service code 27 · EIN 43-0538770 | Advisory (Plan) | $80,000 |
MICHIGAN FARM BUREAU1 year Filed as: FARM BUREAU LIFE INS CO Service code 11 · EIN 38-6056370 | Actuarial | $18,842 |
MANER COSTERISAN1 year Filed as: MANER COSTERIAN Service code 10 · EIN 38-2157642 | Accounting | $11,100 |
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $164,233-100.0% | $235,493-100.0% | $164,233-100.0% |
| Participation rate | 0.0% | 0.0%0pp | 24.6%-24.6pp | 0.0%0pp |
| Annual return | -16.03% | 2.78%-18.8pp | -6.07%-10.0pp | 2.78%-18.8pp |
| Employer contribution / active EE | $0 | $15,276-100.0% | $37,389-100.0% | $15,276-100.0% |
| Participant deferral / active EE | $0 | $691-100.0% | $182-100.0% | $691-100.0% |
| Admin fee / account holder | $0 | $1,015-100.0% | $12,327-100.0% | $1,015-100.0% |