| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $279,949 |
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632 | Other Services | $0 |
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.
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 | $48,253 | $90,672-46.8% | $125,401-61.5% | $89,433-46.0% |
| Participation rate | 7.3% | 72.3%-65.0pp | 82.4%-75.1pp | 71.3%-63.9pp |
| Annual return | -16.02% | -6.42%-9.6pp | 572.53%-588.6pp | -11.88%-4.1pp |
| Employer contribution / active EE | $40 | $3,032-98.7% | $4,816-99.2% | $3,021-98.7% |
| Participant deferral / active EE | $372 | $7,210-94.8% | $7,448-95.0% | $5,125-92.7% |
| Admin fee / account holder | $105 | $69+52.0% | $10,008-99.0% | $79+32.2% |