Filed July 18, 2024 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $378,624 |
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO ADVISORS Service code 16 · EIN 34-1542819 | Consulting | $90,000 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,859 | $130,052-40.1% | $86,698-10.2% | $77,906-0.1% |
| Participation rate | 94.7% | 85.9%+8.8pp | 76.6%+18.1pp | 73.7%+21.0pp |
| Annual return | -15.74% | -12.73%-3.0pp | 35.96%-51.7pp | 12.16%-27.9pp |
| Employer contribution / active EE | $716 | $3,214-77.7% | $2,837-74.8% | $2,846-74.8% |
| Participant deferral / active EE | $4,221 | $5,741-26.5% | $4,656-9.3% | $4,805-12.2% |
| Admin fee / account holder | $179 | $132+36.1% | $7,492-97.6% | $133+35.3% |