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 | $83,575+164.1% | $66,439+232.3% | $65,191+238.6% |
| Participation rate | 87.1% | 71.6%+15.5pp | 74.5%+12.6pp | 63.0%+24.1pp |
| Annual return | 11.49% | 12.38%-0.9pp | 757.66%-746.2pp | 51.24%-39.8pp |
| Employer contribution / active EE | $5,883 | $2,903+102.7% | $2,637+123.1% | $2,400+145.1% |
| Participant deferral / active EE | $7,597 | $3,365+125.8% | $3,876+96.0% | $2,671+184.4% |
| Admin fee / account holder | $633 | $234+170.6% | $6,173-89.7% | $907-30.2% |