Filed November 9, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $73,388 |
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 49 · EIN 20-8764829 | Other Services | $62,833 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $271,816 | $79,189+243.2% | $102,457+165.3% | $74,400+265.3% |
| Participation rate | 98.0% | 74.8%+23.3pp | 76.5%+21.5pp | 67.2%+30.8pp |
| Annual return | 13.18% | 54.98%-41.8pp | 29.41%-16.2pp | 1367.51%-1354.3pp |
| Employer contribution / active EE | $9,135 | $2,362+286.7% | $3,022+202.3% | $2,624+248.1% |
| Participant deferral / active EE | $11,797 | $4,415+167.2% | $5,054+133.4% | $4,348+171.3% |
| Admin fee / account holder | $617 | $2,002-69.2% | $9,451-93.5% | $1,944-68.3% |