Filed April 3, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY Service code 49 · EIN 26-4310632 | Other Services | $8,744 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,465 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,887 | $55,415-51.5% | $155,509-82.7% | $74,495-63.9% |
| Participation rate | 70.2% | 61.9%+8.3pp | 78.2%-8.0pp | 67.2%+3.0pp |
| Annual return | 11.91% | 268.50%-256.6pp | 64.67%-52.8pp | 1364.94%-1353.0pp |
| Employer contribution / active EE | $758 | $2,267-66.6% | $4,672-83.8% | $2,623-71.1% |
| Participant deferral / active EE | $1,249 | $2,836-56.0% | $5,626-77.8% | $4,346-71.3% |
| Admin fee / account holder | $36 | $1,738-97.9% | $15,912-99.8% | $1,942-98.1% |