Filed November 18, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $91,483 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $68,070 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Plan reported the discovery of a loss from fraud or dishonesty.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,794 | $106,164-42.7% | $147,041-58.7% | $77,692-21.8% |
| Participation rate | 92.3% | 78.4%+13.9pp | 82.2%+10.2pp | 70.6%+21.7pp |
| Annual return | 16.03% | 56.81%-40.8pp | 419.21%-403.2pp | 31.25%-15.2pp |
| Employer contribution / active EE | $1,049 | $4,066-74.2% | $4,935-78.7% | $2,726-61.5% |
| Participant deferral / active EE | $4,564 | $7,993-42.9% | $8,071-43.4% | $4,648-1.8% |
| Admin fee / account holder | $323 | $338-4.4% | $13,006-97.5% | $431-25.0% |