Filed October 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $89,478 |
MORNINGSTAR2 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 | $42,048 | $69,823-39.8% | $76,902-45.3% | $74,473-43.5% |
| Participation rate | 97.8% | 70.0%+27.8pp | 69.6%+28.2pp | 70.7%+27.1pp |
| Annual return | 14.31% | 19.99%-5.7pp | 37.91%-23.6pp | 34.36%-20.1pp |
| Employer contribution / active EE | $814 | $2,148-62.1% | $2,534-67.9% | $2,638-69.2% |
| Participant deferral / active EE | $2,599 | $3,558-26.9% | $3,833-32.2% | $4,530-42.6% |
| Admin fee / account holder | $174 | $398-56.1% | $5,479-96.8% | $347-49.7% |