Filed September 26, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $167,798 |
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 20-8764829 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,544 | $62,686+9.3% | $178,540-61.6% | $77,736-11.8% |
| Participation rate | 96.9% | 66.9%+30.0pp | 77.1%+19.8pp | 70.6%+26.3pp |
| Annual return | 18.00% | 16.16%+1.8pp | 27.15%-9.1pp | 31.26%-13.3pp |
| Employer contribution / active EE | $1,102 | $1,914-42.4% | $3,953-72.1% | $2,728-59.6% |
| Participant deferral / active EE | $5,701 | $4,224+35.0% | $6,281-9.2% | $4,651+22.6% |
| Admin fee / account holder | $325 | $386-15.8% | $10,424-96.9% | $433-25.0% |