Filed March 7, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $74,024 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $73,955 |
COASTAL PENSION SERVICES9 years Filed as: COASTAL PENSION SERVICE, INC. Service code 13 | Contract Administrator | $20,729 |
COASTAL PENSION SERVICES9 years Filed as: COASTAL PENSION SERVICES, INC. Service code 13 · EIN 52-1053785 | Contract Administrator | $20,729 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $96,494 | $89,435+7.9% | $164,975-41.5% | $77,714+24.2% |
| Participation rate | 96.0% | 78.6%+17.4pp | 78.6%+17.4pp | 70.6%+25.4pp |
| Annual return | 16.08% | 28.82%-12.7pp | 70.12%-54.0pp | 31.26%-15.2pp |
| Employer contribution / active EE | $1,715 | $2,563-33.1% | $4,343-60.5% | $2,727-37.1% |
| Participant deferral / active EE | $5,244 | $4,901+7.0% | $6,033-13.1% | $4,649+12.8% |
| Admin fee / account holder | $361 | $340+6.3% | $12,688-97.2% | $433-16.7% |