Filed November 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $193,184 |
Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 42-1445429 | Advisory (Plan) | $90,974 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $34,314 | $111,491-69.2% | $189,520-81.9% | $86,813-60.5% |
| Participation rate | 95.9% | 87.3%+8.6pp | 87.8%+8.1pp | 72.3%+23.6pp |
| Annual return | 20.71% | 83.50%-62.8pp | 555.25%-534.5pp | 97.93%-77.2pp |
| Employer contribution / active EE | $3,792 | $3,951-4.0% | $6,161-38.5% | $2,406+57.6% |
| Participant deferral / active EE | $8,716 | $6,437+35.4% | $8,220+6.0% | $4,131+111.0% |
| Admin fee / account holder | $218 | $189+15.6% | $12,046-98.2% | $170+28.6% |