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 | $86,795+154.3% | $67,681+226.2% | $64,728+241.1% |
| Participation rate | 87.1% | 71.7%+15.4pp | 73.7%+13.3pp | 57.9%+29.2pp |
| Annual return | 11.49% | 12.58%-1.1pp | 590.58%-579.1pp | 49.38%-37.9pp |
| Employer contribution / active EE | $5,883 | $2,837+107.3% | $2,678+119.7% | $2,243+162.3% |
| Participant deferral / active EE | $7,597 | $3,430+121.5% | $3,976+91.1% | $2,729+178.4% |
| Admin fee / account holder | $633 | $238+165.8% | $6,100-89.6% | $1,145-44.7% |