| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $283,270 |
Filed as: MORGAN STANLEY Service code 27 1300 THAMES STREET WHARF · BALTIMORE, MD 212319907 | Advisory (Plan) | $74,539 |
S B H U LIFE AGENCY INC4+ years Service code 49 · EIN 13-2896238 | Other Services | $16,567 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $45,048 | $71,505-37.0% | $123,553-63.5% | $73,367-38.6% |
| Participation rate | 7.8% | 64.9%-57.1pp | 82.3%-74.4pp | 69.5%-61.6pp |
| Annual return | -7.66% | 6.94%-14.6pp | 119.21%-126.9pp | 173.45%-181.1pp |
| Employer contribution / active EE | $72 | $2,011-96.4% | $4,628-98.4% | $2,499-97.1% |
| Participant deferral / active EE | $373 | $4,928-92.4% | $6,426-94.2% | $4,033-90.8% |
| Admin fee / account holder | $121 | $66+83.4% | $9,284-98.7% | $68+76.9% |