Filed November 30, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $57,965 |
SPECTRUM INVESTMENT ADVISORS3 years Filed as: SPECTRUM INVESTMENT Service code 27 · EIN 39-1828175 | Advisory (Plan) | $8,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,179 | $82,917-23.8% | $103,333-38.9% | $77,643-18.6% |
| Participation rate | 49.4% | 71.6%-22.1pp | 74.5%-25.1pp | 70.6%-21.2pp |
| Annual return | 15.22% | 19.13%-3.9pp | 24.88%-9.7pp | 31.24%-16.0pp |
| Employer contribution / active EE | $1,563 | $3,552-56.0% | $3,868-59.6% | $2,726-42.7% |
| Participant deferral / active EE | $3,245 | $4,108-21.0% | $5,057-35.8% | $4,647-30.2% |
| Admin fee / account holder | $126 | $638-80.2% | $8,355-98.5% | $430-70.6% |