Filed September 4, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,143 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $23,950 |
Filed as: BUFFAMANTE WHIPPLE Service code 10 · EIN 16-1117932 | Accounting | $8,250 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $68,779 | $81,358-15.5% | $155,556-55.8% | $80,959-15.0% |
| Participation rate | 71.0% | 66.3%+4.7pp | 78.2%-7.3pp | 67.7%+3.3pp |
| Annual return | 9.67% | 33.39%-23.7pp | 64.84%-55.2pp | 35.67%-26.0pp |
| Employer contribution / active EE | $1,927 | $3,106-38.0% | $4,675-58.8% | $2,757-30.1% |
| Participant deferral / active EE | $2,739 | $3,455-20.7% | $5,631-51.4% | $4,300-36.3% |
| Admin fee / account holder | $327 | $7,994-95.9% | $15,885-97.9% | $6,925-95.3% |