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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $306,451 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $2,264 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,795 | $48,166-71.4% | $96,575-85.7% | $93,010-85.2% |
| Participation rate | 90.0% | 65.1%+24.9pp | 69.8%+20.2pp | 73.9%+16.1pp |
| Annual return | 14.51% | 21.31%-6.8pp | 37.79%-23.3pp | 158.70%-144.2pp |
| Employer contribution / active EE | $0 | $1,070-100.0% | $2,357-100.0% | $2,705-100.0% |
| Participant deferral / active EE | $2,612 | $2,576+1.4% | $3,849-32.1% | $4,561-42.7% |
| Admin fee / account holder | $127 | $110+15.5% | $6,182-97.9% | $152-16.0% |