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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $19,597 |
Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 · EIN 51-0116113 | Other Services | $5,539 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $43,761 | $73,638-40.6% | $95,960-54.4% | $73,493-40.5% |
| Participation rate | 42.6% | 76.2%-33.6pp | 77.1%-34.5pp | 70.7%-28.1pp |
| Annual return | 12.91% | 16.78%-3.9pp | 91.63%-78.7pp | 28.51%-15.6pp |
| Employer contribution / active EE | $826 | $1,863-55.6% | $2,541-67.5% | $2,270-63.6% |
| Participant deferral / active EE | $1,558 | $3,617-56.9% | $4,167-62.6% | $3,740-58.3% |
| Admin fee / account holder | $284 | $482-41.1% | $6,797-95.8% | $513-44.6% |