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 | $49,468-33.2% | $150,298-78.0% | $103,975-68.2% |
| Participation rate | 49.9% | 58.1%-8.3pp | 77.8%-27.9pp | 72.5%-22.7pp |
| Annual return | 10.23% | 38.98%-28.7pp | 62.79%-52.6pp | 19.41%-9.2pp |
| Employer contribution / active EE | $780 | $1,670-53.3% | $4,154-81.2% | $3,722-79.1% |
| Participant deferral / active EE | $2,118 | $2,650-20.1% | $5,453-61.2% | $5,343-60.4% |
| Admin fee / account holder | $152 | $385-60.4% | $14,116-98.9% | $332-54.2% |