Filed November 2, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $109,911 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $43,647 | $47,180-7.5% | $149,723-70.8% | $74,473-41.4% |
| Participation rate | 97.5% | 63.4%+34.1pp | 78.8%+18.7pp | 70.7%+26.7pp |
| Annual return | 19.85% | 22.75%-2.9pp | 134.50%-114.6pp | 34.36%-14.5pp |
| Employer contribution / active EE | $6 | $1,907-99.7% | $4,821-99.9% | $2,638-99.8% |
| Participant deferral / active EE | $6,165 | $2,730+125.8% | $5,682+8.5% | $4,530+36.1% |
| Admin fee / account holder | $107 | $343-68.7% | $13,215-99.2% | $347-69.0% |