Filed June 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $55,206 |
MOSS ADAMS LLP1 year Service code 10 · EIN 91-0189318 | Accounting | $20,328 |
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632 | Other Services | $11,411 |
Filed as: MORGAN STANLEY DW INC Service code 49 · EIN 94-1671384 | Other Services | $11,291 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $18,223 | $86,372-78.9% | $123,894-85.3% | $65,292-72.1% |
| Participation rate | 5.5% | 76.9%-71.4pp | 81.4%-75.9pp | 72.4%-66.9pp |
| Annual return | 2.23% | 11.27%-9.0pp | 47.52%-45.3pp | 11.84%-9.6pp |
| Employer contribution / active EE | $0 | $2,838-100.0% | $4,617-100.0% | $2,302-100.0% |
| Participant deferral / active EE | $540 | $5,625-90.4% | $5,984-91.0% | $3,579-84.9% |
| Admin fee / account holder | $53 | $53-0.3% | $8,357-99.4% | $57-8.2% |