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 | $14,259 |
Service code 27 · EIN 95-2755361 | 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,938 | $65,083-78.6% | $143,788-90.3% | $66,930-79.2% |
| Participation rate | 34.2% | 65.2%-31.0pp | 80.3%-46.1pp | 69.8%-35.6pp |
| Annual return | -16.67% | -11.13%-5.5pp | -0.03%-16.6pp | 1.57%-18.2pp |
| Employer contribution / active EE | $460 | $2,361-80.5% | $4,952-90.7% | $2,545-81.9% |
| Participant deferral / active EE | $762 | $2,920-73.9% | $5,638-86.5% | $4,238-82.0% |
| Admin fee / account holder | $207 | $502-58.9% | $14,675-98.6% | $593-65.2% |