Filed September 13, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Filed as: PRINCIPAL FINANCIAL GROUP Service code 15 · EIN 42-0127290 | Recordkeeping | $182,974 |
SOLCUM1+ years Service code 27 · EIN 41-1567437 | Advisory (Plan) | $35,018 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO Service code 28 · EIN 41-6257133 | Investment Management | $17,784 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,451 | $55,516+84.5% | $75,784+35.2% | $59,188+73.1% |
| Participation rate | 98.0% | 73.6%+24.4pp | 75.8%+22.2pp | 69.4%+28.6pp |
| Annual return | 7.03% | -1.89%+8.9pp | 9.68%-2.6pp | 5.51%+1.5pp |
| Employer contribution / active EE | $2,946 | $2,604+13.2% | $3,323-11.3% | $2,098+40.4% |
| Participant deferral / active EE | $0 | $2,599-100.0% | $3,652-100.0% | $3,265-100.0% |
| Admin fee / account holder | $50 | $110-54.7% | $5,300-99.1% | $92-45.9% |