Filed March 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $71,663 |
OSAIC WEALTH INC1 year Service code 49 · EIN 93-0987232 | Other Services | $21,241 |
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 | $154,926 | $76,696+102.0% | $96,538+60.5% | $71,529+116.6% |
| Participation rate | 96.3% | 66.6%+29.8pp | 74.3%+22.0pp | 67.9%+28.4pp |
| Annual return | 16.00% | 48.32%-32.3pp | 35.74%-19.7pp | 28.97%-13.0pp |
| Employer contribution / active EE | $3,108 | $3,032+2.5% | $3,740-16.9% | $2,590+20.0% |
| Participant deferral / active EE | $8,595 | $3,770+128.0% | $4,880+76.1% | $4,291+100.3% |
| Admin fee / account holder | $451 | $2,030-77.8% | $6,737-93.3% | $1,588-71.6% |