Filed October 24, 2018
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $50,208 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $1,651 |
MORNINGSTAR4 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 | $30,145 | $50,982-40.9% | $154,803-80.5% | $85,563-64.8% |
| Participation rate | 32.2% | 59.8%-27.5pp | 78.1%-45.8pp | 66.0%-33.7pp |
| Annual return | 16.21% | 30.35%-14.1pp | 58.88%-42.7pp | 31.51%-15.3pp |
| Employer contribution / active EE | $698 | $1,708-59.2% | $4,305-83.8% | $2,654-73.7% |
| Participant deferral / active EE | $1,276 | $2,474-48.4% | $5,540-77.0% | $4,375-70.8% |
| Admin fee / account holder | $215 | $846-74.6% | $14,329-98.5% | $834-74.3% |