Filed August 3, 2022 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $190,606 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $75,793 |
MORNINGSTAR2 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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $206,768 | $91,695+125.5% | $67,575+206.0% | $77,736+166.0% |
| Participation rate | 86.5% | 76.0%+10.4pp | 72.9%+13.6pp | 70.6%+15.9pp |
| Annual return | 15.37% | 14.88%+0.5pp | 3528.98%-3513.6pp | 31.26%-15.9pp |
| Employer contribution / active EE | $5,633 | $3,189+76.6% | $2,736+105.9% | $2,728+106.5% |
| Participant deferral / active EE | $7,128 | $3,912+82.2% | $4,003+78.1% | $4,651+53.3% |
| Admin fee / account holder | $611 | $245+149.6% | $3,993-84.7% | $433+41.0% |