Filed August 22, 2024 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL CUSTODY SOLUTIONS Service code 13 · EIN 51-0099493 | Contract Administrator | $120,099 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $74,635 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L 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.)
Annual investment return 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 | $195,651 | $62,686+212.1% | $178,505+9.6% | $77,762+151.6% |
| Participation rate | 98.9% | 66.9%+32.1pp | 77.1%+21.8pp | 70.6%+28.4pp |
| Annual return | 11.04% | 16.16%-5.1pp | 27.16%-16.1pp | 31.27%-20.2pp |
| Employer contribution / active EE | $9,957 | $1,914+420.4% | $3,955+151.8% | $2,728+265.0% |
| Participant deferral / active EE | $4,173 | $4,224-1.2% | $6,280-33.6% | $4,651-10.3% |
| Admin fee / account holder | $550 | $386+42.5% | $10,428-94.7% | $433+27.1% |