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 | $101,672+387.1% | $147,117+236.6% | $74,478+564.9% |
| Participation rate | 96.6% | 75.5%+21.1pp | 82.2%+14.5pp | 67.2%+29.4pp |
| Annual return | 13.34% | 8757.83%-8744.5pp | 420.54%-407.2pp | 1370.56%-1357.2pp |
| Employer contribution / active EE | $13,994 | $3,813+267.0% | $4,932+183.7% | $2,626+432.8% |
| Participant deferral / active EE | $9,857 | $7,305+34.9% | $8,065+22.2% | $4,350+126.6% |
| Admin fee / account holder | $161 | $1,753-90.8% | $12,993-98.8% | $1,946-91.7% |