Filed October 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $40,247 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,033 | $56,503-25.6% | $69,890-39.9% | $64,824-35.2% |
| Participation rate | 98.5% | 70.5%+28.1pp | 70.5%+28.1pp | 71.5%+27.1pp |
| Annual return | -15.77% | -13.44%-2.3pp | 190.84%-206.6pp | 32.84%-48.6pp |
| Employer contribution / active EE | $826 | $2,046-59.6% | $2,560-67.7% | $2,507-67.0% |
| Participant deferral / active EE | $2,832 | $3,389-16.5% | $3,848-26.4% | $4,311-34.3% |
| Admin fee / account holder | $82 | $160-48.6% | $6,267-98.7% | $188-56.1% |