Filed December 19, 2023 (most recent of 4 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $132,086 |
Service code 27 · EIN 04-2675571 | Advisory (Plan) | $51,094 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,727 | $89,067-10.5% | $102,423-22.2% | $77,714+2.6% |
| Participation rate | 97.5% | 80.9%+16.6pp | 76.5%+21.0pp | 70.6%+26.9pp |
| Annual return | 13.45% | 25.01%-11.6pp | 29.42%-16.0pp | 31.26%-17.8pp |
| Employer contribution / active EE | $1,848 | $2,699-31.5% | $3,023-38.9% | $2,727-32.2% |
| Participant deferral / active EE | $5,346 | $5,147+3.9% | $5,054+5.8% | $4,649+15.0% |
| Admin fee / account holder | $332 | $236+40.8% | $9,455-96.5% | $433-23.4% |