Filed August 14, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $366,205 |
Filed as: J.P. MORGAN SECURITIES LLC Service code 27 · EIN 13-4110995 | Advisory (Plan) | $125,350 |
CROWE LLP1 year Service code 10 · EIN 59-1818353 | Accounting | $25,000 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,618 | $67,512-59.1% | $185,837-85.1% | $93,010-70.3% |
| Participation rate | 93.9% | 67.1%+26.8pp | 81.7%+12.2pp | 73.9%+20.0pp |
| Annual return | 20.79% | 21.04%-0.3pp | 122.08%-101.3pp | 158.70%-137.9pp |
| Employer contribution / active EE | $2,439 | $1,783+36.8% | $5,168-52.8% | $2,705-9.8% |
| Participant deferral / active EE | $5,017 | $3,035+65.3% | $5,568-9.9% | $4,561+10.0% |
| Admin fee / account holder | $124 | $318-60.8% | $16,241-99.2% | $152-17.9% |