Filed August 17, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $228,543 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $87,319 | $127,481-31.5% | $149,751-41.7% | $90,274-3.3% |
| Participation rate | 90.7% | 78.2%+12.5pp | 82.5%+8.2pp | 73.4%+17.4pp |
| Annual return | 14.58% | 57.78%-43.2pp | 276.71%-262.1pp | 53.97%-39.4pp |
| Employer contribution / active EE | -$1 | $3,448-100.0% | $4,646-100.0% | $2,523-100.0% |
| Participant deferral / active EE | $8,789 | $6,975+26.0% | $6,843+28.4% | $4,231+107.7% |
| Admin fee / account holder | $110 | $152-27.4% | $9,312-98.8% | $114-3.5% |