Filed April 27, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,055 |
Filed as: ONEDIGITAL INVESTEMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $5,337 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,884 | $65,125-77.1% | $143,797-89.6% | $66,949-77.8% |
| Participation rate | 30.4% | 65.2%-34.8pp | 80.3%-49.9pp | 69.8%-39.4pp |
| Annual return | -15.07% | -11.13%-3.9pp | -0.04%-15.0pp | 1.57%-16.6pp |
| Employer contribution / active EE | $708 | $2,362-70.0% | $4,952-85.7% | $2,545-72.2% |
| Participant deferral / active EE | $1,041 | $2,920-64.4% | $5,638-81.5% | $4,239-75.4% |
| Admin fee / account holder | $195 | $503-61.3% | $14,679-98.7% | $594-67.2% |