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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $130,064 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $153,983 | $100,801+52.8% | $149,745+2.8% | $73,412+109.8% |
| Participation rate | 92.4% | 77.7%+14.7pp | 82.5%+9.9pp | 72.2%+20.2pp |
| Annual return | 14.53% | 265.34%-250.8pp | 276.72%-262.2pp | 59.30%-44.8pp |
| Employer contribution / active EE | $5,206 | $3,312+57.2% | $4,646+12.1% | $2,234+133.1% |
| Participant deferral / active EE | $9,032 | $6,404+41.0% | $6,843+32.0% | $3,806+137.3% |
| Admin fee / account holder | $178 | $181-1.5% | $9,312-98.1% | $158+12.8% |