Filed October 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,918 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 | Other Services | $2,088 |
Filed as: PRINCIPAL SECURITIES INC. Service code 49 · EIN 42-0941553 | Other Services | $0 |
WILSHIRE ASSOCIATES INCORPORATED8+ 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.
Annual investment return 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 | $96,794 | $82,674+17.1% | $125,363-22.8% | $68,495+41.3% |
| Participation rate | 69.1% | 75.0%-5.9pp | 82.4%-13.2pp | 67.9%+1.3pp |
| Annual return | -20.81% | -5.97%-14.8pp | 572.15%-593.0pp | -7.84%-13.0pp |
| Employer contribution / active EE | $1,632 | $3,382-51.8% | $4,815-66.1% | $2,596-37.2% |
| Participant deferral / active EE | $4,467 | $6,111-26.9% | $7,447-40.0% | $4,028+10.9% |
| Admin fee / account holder | $89 | $6,276-98.6% | $10,005-99.1% | $5,403-98.4% |