Filed November 12, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRICIPAL LIFE INSURANCE COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $38,718 |
Service code 49 · EIN 93-0987232 | Other Services | $12,825 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,690 | $65,092-37.5% | $143,799-71.7% | $66,938-39.2% |
| Participation rate | 93.1% | 65.2%+27.9pp | 80.3%+12.8pp | 69.8%+23.3pp |
| Annual return | -15.53% | -11.14%-4.4pp | -0.04%-15.5pp | 1.58%-17.1pp |
| Employer contribution / active EE | $2,377 | $2,362+0.7% | $4,952-52.0% | $2,545-6.6% |
| Participant deferral / active EE | $3,704 | $2,920+26.9% | $5,638-34.3% | $4,238-12.6% |
| Admin fee / account holder | $308 | $502-38.8% | $14,677-97.9% | $594-48.2% |