Filed September 28, 2022 (most recent of 3 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 4-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $59,380 |
WILSHIRE ASSOCIATES INCORPORATED2+ 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 | $30,184 | $82,279-63.3% | $78,002-61.3% | $63,975-52.8% |
| Participation rate | 61.1% | 84.7%-23.5pp | 75.5%-14.4pp | 71.1%-10.0pp |
| Annual return | 12.29% | 11.20%+1.1pp | 425.99%-413.7pp | 48.65%-36.4pp |
| Employer contribution / active EE | $805 | $3,297-75.6% | $2,470-67.4% | $2,182-63.1% |
| Participant deferral / active EE | $2,572 | $4,538-43.3% | $3,497-26.5% | $3,356-23.4% |
| Admin fee / account holder | $45 | $81-45.3% | $5,481-99.2% | $70-36.7% |