Filed March 28, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $128,006 |
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS, LLC Service code 27 · EIN 41-1416330 | Advisory (Plan) | $53,078 |
PRIME BENEFITS, INC.1 year Filed as: PRIME BENEFITS INC. Service code 13 · EIN 52-2204662 | Contract Administrator | $21,477 |
Filed as: THE PRUDENTIAL INS. CO. OF AMERICA Service code 13 · EIN 22-1211670 | Contract Administrator | $520 |
Filed as: THE PRUDENTIAL INS. CO OF AMERICA Service code 15 | Recordkeeping | $0 |
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 | $104,468 | $55,002+89.9% | $59,899+74.4% | $56,289+85.6% |
| Participation rate | 90.4% | 75.9%+14.5pp | 74.7%+15.7pp | 69.9%+20.5pp |
| Annual return | -4.37% | 1.13%-5.5pp | 3.46%-7.8pp | -9.96%+5.6pp |
| Employer contribution / active EE | $4,410 | $2,448+80.2% | $2,723+62.0% | $2,111+108.9% |
| Participant deferral / active EE | $7,710 | $3,121+147.0% | $3,402+126.6% | $3,350+130.2% |
| Admin fee / account holder | $431 | $236+82.9% | $3,592-88.0% | $521-17.2% |