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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $285,939 |
MONETA GROUP LLC1 year Filed as: MONETA GROUP INV ADVISOR Service code 27 · EIN 20-1903821 | Advisory (Plan) | $72,103 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,379 | $80,211-52.2% | $74,184-48.3% | $63,975-40.0% |
| Participation rate | 96.5% | 84.2%+12.4pp | 76.6%+19.9pp | 71.1%+25.4pp |
| Annual return | 8.50% | 14.13%-5.6pp | 17.74%-9.2pp | 48.65%-40.2pp |
| Employer contribution / active EE | $600 | $2,553-76.5% | $2,370-74.7% | $2,182-72.5% |
| Participant deferral / active EE | $2,012 | $4,370-54.0% | $3,550-43.3% | $3,356-40.0% |
| Admin fee / account holder | $118 | $67+75.7% | $5,586-97.9% | $70+67.7% |