Filed August 3, 2022 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $169,584 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $68,687 |
MORNINGSTAR1 year 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $192,848 | $83,884+129.9% | $64,056+201.1% | $74,419+159.1% |
| Participation rate | 85.0% | 76.6%+8.4pp | 72.3%+12.7pp | 70.7%+14.3pp |
| Annual return | 7.72% | 16.57%-8.9pp | 33.69%-26.0pp | 34.38%-26.7pp |
| Employer contribution / active EE | $5,331 | $3,084+72.9% | $2,747+94.1% | $2,637+102.1% |
| Participant deferral / active EE | $6,990 | $3,692+89.4% | $3,880+80.2% | $4,528+54.4% |
| Admin fee / account holder | $560 | $196+185.5% | $3,068-81.8% | $348+60.9% |