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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,035 | $36,773-10.2% | $189,758-82.6% | $85,660-61.4% |
| Participation rate | 49.9% | 63.3%-13.4pp | 79.8%-29.9pp | 74.8%-25.0pp |
| Annual return | 10.23% | 55.47%-45.2pp | 52.62%-42.4pp | 19.52%-9.3pp |
| Employer contribution / active EE | $780 | $1,536-49.2% | $4,767-83.6% | $4,199-81.4% |
| Participant deferral / active EE | $2,118 | $1,800+17.7% | $5,856-63.8% | $3,518-39.8% |
| Admin fee / account holder | $152 | $132+15.6% | $20,388-99.3% | $224-32.1% |