Filed September 2, 2021 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,281,626 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $236,266 | $135,240+74.7% | $169,993+39.0% | $96,393+145.1% |
| Participation rate | 98.3% | 86.5%+11.8pp | 87.0%+11.3pp | 71.3%+27.0pp |
| Annual return | 16.42% | 22.04%-5.6pp | 53.37%-37.0pp | 22.88%-6.5pp |
| Employer contribution / active EE | $5,732 | $5,029+14.0% | $6,785-15.5% | $3,238+77.0% |
| Participant deferral / active EE | $10,940 | $8,138+34.4% | $10,408+5.1% | $5,455+100.6% |
| Admin fee / account holder | $72 | $85-14.6% | $12,815-99.4% | $74-1.9% |