Filed March 27, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $117,585 |
Filed as: MMA SECURITES LLC Service code 27 · EIN 22-3570392 | Advisory (Plan) | $38,756 |
MORNINGSTAR3+ years 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.
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,035 | $57,610-42.7% | $154,803-78.7% | $102,872-67.9% |
| Participation rate | 49.9% | 59.5%-9.6pp | 78.1%-28.2pp | 73.0%-23.2pp |
| Annual return | 10.23% | 30.49%-20.3pp | 58.88%-48.6pp | 19.06%-8.8pp |
| Employer contribution / active EE | $780 | $1,883-58.6% | $4,305-81.9% | $3,526-77.9% |
| Participant deferral / active EE | $2,118 | $2,914-27.3% | $5,540-61.8% | $5,535-61.7% |
| Admin fee / account holder | $152 | $368-58.6% | $14,329-98.9% | $292-47.9% |