Filed June 15, 2023
Total covered: 103 employees
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 11 · EIN 42-0127290 | Actuarial | $52,216 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Filed as: PRINCIPAL TRUST COMPANY Service code 21 · EIN 51-0099493 | Bank Trustee | $15,876 |
BAKER TILLY US, LLP1+ years Service code 10 · EIN 39-0859910 | Accounting | $5,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $55,526-100.0% | $473,625-100.0% | $282,865-100.0% |
| Participation rate | 0.0% | 16.7%-16.7pp | 37.3%-37.3pp | 12.4%-12.4pp |
| Annual return | 10.51% | 14.18%-3.7pp | 20.18%-9.7pp | 9.89%+0.6pp |
| Employer contribution / active EE | $54,839 | $10,771+409.1% | $29,108+88.4% | $14,313+283.1% |
| Participant deferral / active EE | $0 | $0 | $6-100.0% | $71-100.0% |
| Admin fee / account holder | $0 | $705-100.0% | $2,262-100.0% | $9,084-100.0% |