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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $106,814 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC 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).
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 | $99,247 | $84,499+17.5% | $125,391-20.9% | $66,949+48.2% |
| Participation rate | 95.3% | 76.4%+18.9pp | 82.4%+12.9pp | 69.8%+25.5pp |
| Annual return | 4.85% | -8.49%+13.3pp | 572.41%-567.6pp | 1.57%+3.3pp |
| Employer contribution / active EE | $3,627 | $3,554+2.1% | $4,816-24.7% | $2,545+42.5% |
| Participant deferral / active EE | $7,338 | $6,785+8.1% | $7,448-1.5% | $4,239+73.1% |
| Admin fee / account holder | $399 | $685-41.7% | $10,009-96.0% | $594-32.8% |