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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL INSURANCE COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $32,242 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 | Other Services | $10,501 |
S B H U LIFE AGENCY INC4+ years Service code 49 · EIN 13-2896238 | Other Services | $5,252 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $93 |
Filed as: MORGAN STANLEY INS SERVICES, INC Service code 49 · EIN 51-0116113 | Other Services | $0 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,212 | $98,776-52.2% | $149,745-68.5% | $79,856-40.9% |
| Participation rate | 100.0% | 75.8%+24.2pp | 82.5%+17.5pp | 69.6%+30.4pp |
| Annual return | 11.12% | 27.38%-16.3pp | 276.72%-265.6pp | 31.71%-20.6pp |
| Employer contribution / active EE | $2,965 | $3,217-7.8% | $4,646-36.2% | $2,471+20.0% |
| Participant deferral / active EE | $3,503 | $5,681-38.3% | $6,843-48.8% | $3,741-6.4% |
| Admin fee / account holder | $311 | $6,053-94.9% | $9,312-96.7% | $5,306-94.1% |