Filed October 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $35,226 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 | $42,908 | $66,486-35.5% | $81,370-47.3% | $77,762-44.8% |
| Participation rate | 98.7% | 68.7%+30.0pp | 69.5%+29.2pp | 70.6%+28.1pp |
| Annual return | 9.61% | 15.95%-6.3pp | 24.85%-15.2pp | 31.27%-21.7pp |
| Employer contribution / active EE | $902 | $2,158-58.2% | $2,464-63.4% | $2,728-66.9% |
| Participant deferral / active EE | $2,941 | $3,677-20.0% | $3,885-24.3% | $4,651-36.8% |
| Admin fee / account holder | $67 | $586-88.5% | $5,749-98.8% | $433-84.4% |