Filed October 24, 2018
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,837 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $1,580 |
MORNINGSTAR3 years 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 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,657 | $50,815-43.6% | $155,509-81.6% | $77,643-63.1% |
| Participation rate | 29.0% | 63.1%-34.1pp | 78.2%-49.2pp | 70.6%-41.6pp |
| Annual return | 15.04% | 34.80%-19.8pp | 64.67%-49.6pp | 31.24%-16.2pp |
| Employer contribution / active EE | $589 | $1,993-70.5% | $4,672-87.4% | $2,726-78.4% |
| Participant deferral / active EE | $1,055 | $2,822-62.6% | $5,626-81.2% | $4,647-77.3% |
| Admin fee / account holder | $202 | $437-53.7% | $15,912-98.7% | $430-53.1% |