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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $123,845 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $20,312 | $84,000-75.8% | $119,634-83.0% | $77,906-73.9% |
| Participation rate | 49.9% | 77.8%-27.9pp | 79.3%-29.4pp | 73.7%-23.8pp |
| Annual return | -15.32% | -11.59%-3.7pp | -14.98%-0.3pp | 12.16%-27.5pp |
| Employer contribution / active EE | $1,044 | $2,907-64.1% | $4,232-75.3% | $2,846-63.3% |
| Participant deferral / active EE | $1,113 | $4,705-76.3% | $5,601-80.1% | $4,805-76.8% |
| Admin fee / account holder | $98 | $116-15.5% | $10,329-99.1% | $133-26.2% |