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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $144,423 |
MORNINGSTAR2+ years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $78,637 | $143,525-45.2% | $379,746-79.3% | $90,274-12.9% |
| Participation rate | 89.8% | 82.9%+6.9pp | 78.4%+11.4pp | 73.4%+16.4pp |
| Annual return | 50.47% | 18.97%+31.5pp | 34.90%+15.6pp | 53.97%-3.5pp |
| Employer contribution / active EE | $463 | $3,201-85.6% | $3,540-86.9% | $2,523-81.7% |
| Participant deferral / active EE | $3,579 | $5,231-31.6% | $6,024-40.6% | $4,231-15.4% |
| Admin fee / account holder | $95 | $100-5.4% | $7,927-98.8% | $114-16.7% |