Filed September 28, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $91,885 |
KROLL, RICHARD A.1+ years Service code 49 11100 WAYZATA BLVD · MINNETONKA, MN 553055533 | Other Services | $17,483 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $25,906 | $81,321-68.1% | $68,509-62.2% | $59,188-56.2% |
| Participation rate | 61.6% | 83.8%-22.2pp | 74.7%-13.1pp | 69.4%-7.8pp |
| Annual return | 2.46% | 4.65%-2.2pp | 8.27%-5.8pp | 5.51%-3.1pp |
| Employer contribution / active EE | $1,274 | $3,297-61.3% | $2,278-44.1% | $2,098-39.3% |
| Participant deferral / active EE | $3,540 | $4,592-22.9% | $3,382+4.7% | $3,265+8.4% |
| Admin fee / account holder | $71 | $62+14.7% | $5,275-98.7% | $92-23.2% |