Filed December 12, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $280,564 |
MICHIGAN FARM BUREAU2 years Filed as: FARM BUREAU LIFE INS CO Service code 34 · EIN 38-6056370 | Valuation (appraisals, etc.); Direct ... | $99,156 |
DELOITTE & TOUCHE LLP7 years Filed as: DELOITTE CONSULTING LLP Service code 11 · EIN 06-1454513 | Actuarial | $94,947 |
MANER COSTERISAN7 years Service code 10 · EIN 38-2157642 | Accounting | $8,426 |
MILLER KAPLAN ARASE LLP1 year Filed as: MILLER, CANFIELD Service code 29 · EIN 38-1718391 | Legal | $7,562 |
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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 | $3,299,877-100.0% | $381,452-100.0% | $3,299,877-100.0% |
| Participation rate | 0.0% | 2.3%-2.3pp | 33.3%-33.3pp | 2.3%-2.3pp |
| Annual return | 5.71% | 37.77%-32.1pp | 7.47%-1.8pp | 37.77%-32.1pp |
| Employer contribution / active EE | $0 | $15,798-100.0% | $44,557-100.0% | $15,798-100.0% |
| Participant deferral / active EE | $0 | $732-100.0% | $182-100.0% | $732-100.0% |
| Admin fee / account holder | $0 | $9,287-100.0% | $3,849-100.0% | $9,287-100.0% |