Filed July 14, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $81,574 |
IMA WEALTH INC1 year Filed as: IMA ADVISORY SERVICES, INC. Service code 27 · EIN 48-1233289 | Advisory (Plan) | $42,490 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 | $52,475 | $50,919+3.1% | $155,556-66.3% | $77,762-32.5% |
| Participation rate | 79.6% | 63.1%+16.5pp | 78.2%+1.4pp | 70.6%+9.0pp |
| Annual return | 11.04% | 34.84%-23.8pp | 64.84%-53.8pp | 31.27%-20.2pp |
| Employer contribution / active EE | $2,192 | $1,991+10.1% | $4,675-53.1% | $2,728-19.7% |
| Participant deferral / active EE | $3,916 | $2,824+38.6% | $5,631-30.5% | $4,651-15.8% |
| Admin fee / account holder | $259 | $437-40.7% | $15,885-98.4% | $433-40.2% |