Filed May 6, 2021
Total covered: 13 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 PRINCIPLE SECURITIES, INC · HOPKINS, MN 553055533 | Contract Administrator | $47 |
Service code 27 · EIN 27-0293282 PO BOX 601070 · JACKSONVILLE, FL 32260 | Advisory (Plan) | $6 |
Service code 27 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,657 | $58,888-80.2% | $178,499-93.5% | $73,493-84.1% |
| Participation rate | 66.7% | 66.2%+0.4pp | 81.9%-15.3pp | 70.7%-4.0pp |
| Annual return | 7.61% | 24.86%-17.3pp | 151.10%-143.5pp | 28.51%-20.9pp |
| Employer contribution / active EE | $804 | $2,236-64.1% | $5,011-84.0% | $2,270-64.6% |
| Participant deferral / active EE | $1,152 | $2,568-55.1% | $5,202-77.9% | $3,740-69.2% |
| Admin fee / account holder | $131 | $400-67.2% | $13,986-99.1% | $513-74.4% |