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 | $91,621+125.7% | $67,511+206.3% | $77,671+166.2% |
| Participation rate | 86.5% | 76.0%+10.5pp | 72.9%+13.6pp | 70.6%+15.9pp |
| Annual return | 15.37% | 14.87%+0.5pp | 3517.41%-3502.0pp | 31.21%-15.8pp |
| Employer contribution / active EE | $5,633 | $3,184+76.9% | $2,733+106.1% | $2,726+106.6% |
| Participant deferral / active EE | $7,128 | $3,906+82.5% | $4,000+78.2% | $4,648+53.4% |
| Admin fee / account holder | $611 | $176+246.6% | $3,999-84.7% | $430+41.9% |