Filed July 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,139 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Filed as: WILSHIRE ASSOCIATES Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,700 | $74,024-85.5% | $78,002-86.3% | $57,658-81.4% |
| Participation rate | 48.3% | 79.7%-31.4pp | 75.5%-27.2pp | 70.2%-21.9pp |
| Annual return | 8.82% | 12.14%-3.3pp | 425.99%-417.2pp | 5.13%+3.7pp |
| Employer contribution / active EE | $0 | $2,365-100.0% | $2,470-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $1,152 | $3,533-67.4% | $3,497-67.1% | $3,061-62.4% |
| Admin fee / account holder | $57 | $93-38.6% | $5,481-99.0% | $95-39.4% |