Filed June 11, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $251,549 |
CAPFINANCIAL PARTNERS LLC6+ years Service code 27 · EIN 26-0058143 | Advisory (Plan) | $121,814 |
Service code 49 · EIN 42-0245840 | Other Services | $11,850 |
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 | $178,428 | $111,608+59.9% | $177,840+0.3% | $73,412+143.0% |
| Participation rate | 99.8% | 87.9%+12.0pp | 87.7%+12.1pp | 72.2%+27.6pp |
| Annual return | 15.82% | 18.23%-2.4pp | 48.32%-32.5pp | 59.30%-43.5pp |
| Employer contribution / active EE | $8,672 | $3,796+128.5% | $5,919+46.5% | $2,234+288.3% |
| Participant deferral / active EE | $7,687 | $6,199+24.0% | $7,714-0.3% | $3,806+102.0% |
| Admin fee / account holder | $375 | $166+126.2% | $12,431-97.0% | $158+137.2% |