Filed August 3, 2022 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $197,610 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $83,658 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $220,754 | $84,045+162.7% | $77,361+185.4% | $69,255+218.8% |
| Participation rate | 87.1% | 71.8%+15.3pp | 75.0%+12.1pp | 69.0%+18.0pp |
| Annual return | 11.49% | 12.46%-1.0pp | 1011.54%-1000.1pp | 26.73%-15.2pp |
| Employer contribution / active EE | $5,883 | $2,954+99.1% | $2,990+96.8% | $2,645+122.4% |
| Participant deferral / active EE | $7,597 | $3,349+126.8% | $3,911+94.3% | $2,890+162.8% |
| Admin fee / account holder | $633 | $239+165.0% | $5,894-89.3% | $733-13.6% |