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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $109,923 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,716 | $91,746-73.1% | $146,643-83.1% | $93,010-73.4% |
| Participation rate | 99.3% | 80.9%+18.4pp | 80.1%+19.2pp | 73.9%+25.4pp |
| Annual return | 16.92% | 18.28%-1.4pp | 22.75%-5.8pp | 158.70%-141.8pp |
| Employer contribution / active EE | $1,906 | $2,815-32.3% | $4,137-53.9% | $2,705-29.6% |
| Participant deferral / active EE | $1,986 | $4,589-56.7% | $5,506-63.9% | $4,561-56.4% |
| Admin fee / account holder | $103 | $101+1.4% | $10,280-99.0% | $152-32.4% |