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 | $38,006-13.1% | $161,489-79.5% | $89,670-63.2% |
| Participation rate | 49.9% | 55.7%-5.8pp | 78.7%-28.8pp | 71.2%-21.3pp |
| Annual return | 10.23% | 51.85%-41.6pp | 89.72%-79.5pp | 19.66%-9.4pp |
| Employer contribution / active EE | $780 | $1,536-49.3% | $4,268-81.7% | $4,041-80.7% |
| Participant deferral / active EE | $2,118 | $1,865+13.5% | $5,630-62.4% | $3,962-46.5% |
| Admin fee / account holder | $152 | $249-39.0% | $16,006-99.0% | $352-56.8% |