Filed May 28, 2009
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $558,782 |
Service code 29 · EIN 81-0574082 | Legal | $133,612 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL - ATTN L. STEPHENSON Service code 16 · EIN 95-2834236 | Consulting | $75,000 |
CLIFTONLARSONALLEN LLP2 years Service code 10 · EIN 41-0746749 | Accounting | $12,600 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $28,780 | $123,048-76.6% | $81,988-64.9% | $106,273-72.9% |
| Participation rate | 53.4% | 65.1%-11.7pp | 69.3%-15.9pp | 70.8%-17.4pp |
| Annual return | 18.79% | 14.83%+4.0pp | 41.32%-22.5pp | 21.70%-2.9pp |
| Employer contribution / active EE | $610 | $3,893-84.3% | $2,499-75.6% | $2,722-77.6% |
| Participant deferral / active EE | $1,527 | $4,168-63.4% | $3,723-59.0% | $4,601-66.8% |
| Admin fee / account holder | $35 | $116-69.9% | $5,666-99.4% | $78-55.3% |