Filed October 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,576 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 | Other Services | $2,847 |
Filed as: PRINCIPAL SECURITIES INC. Service code 49 · EIN 42-0941553 | Other Services | $0 |
WILSHIRE ASSOCIATES INCORPORATED6+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $111,748 | $98,766+13.1% | $149,730-25.4% | $79,852+39.9% |
| Participation rate | 56.5% | 75.8%-19.3pp | 82.5%-26.0pp | 69.6%-13.2pp |
| Annual return | 17.16% | 27.43%-10.3pp | 276.70%-259.5pp | 31.72%-14.6pp |
| Employer contribution / active EE | $1,157 | $3,217-64.0% | $4,645-75.1% | $2,471-53.2% |
| Participant deferral / active EE | $3,025 | $5,681-46.7% | $6,843-55.8% | $3,740-19.1% |
| Admin fee / account holder | $134 | $6,052-97.8% | $9,310-98.6% | $5,306-97.5% |