Filed September 23, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $91,689 |
DSM FINANCIAL1 year Service code 27 · EIN 20-1116012 | Advisory (Plan) | $26,005 |
UBS FINANCIAL SERVICES INC2 years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $18,494 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,521 | $69,383+47.8% | $101,275+1.2% | $73,497+39.5% |
| Participation rate | 99.2% | 68.4%+30.8pp | 75.8%+23.4pp | 70.7%+28.5pp |
| Annual return | 12.01% | 18.46%-6.4pp | 46.48%-34.5pp | 28.51%-16.5pp |
| Employer contribution / active EE | $0 | $2,628-100.0% | $3,660-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $7,888 | $3,301+139.0% | $4,371+80.5% | $3,740+110.9% |
| Admin fee / account holder | $355 | $704-49.5% | $5,948-94.0% | $513-30.7% |