Filed March 27, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $54,081 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $495,231 | $101,539+387.7% | $147,041+236.8% | $74,400+565.6% |
| Participation rate | 96.6% | 75.5%+21.1pp | 82.2%+14.5pp | 67.2%+29.4pp |
| Annual return | 13.34% | 8740.84%-8727.5pp | 419.21%-405.9pp | 1367.51%-1354.2pp |
| Employer contribution / active EE | $13,994 | $3,811+267.2% | $4,935+183.6% | $2,624+433.2% |
| Participant deferral / active EE | $9,857 | $7,304+35.0% | $8,071+22.1% | $4,348+126.7% |
| Admin fee / account holder | $161 | $1,749-90.8% | $13,006-98.8% | $1,944-91.7% |