Filed August 22, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $64,690 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $159,958 | $50,458+217.0% | $159,9600% | $64,808+146.8% |
| Participation rate | 98.1% | 68.0%+30.1pp | 78.0%+20.2pp | 71.5%+26.7pp |
| Annual return | -15.96% | -13.42%-2.5pp | 408.60%-424.6pp | 32.82%-48.8pp |
| Employer contribution / active EE | $9,668 | $1,722+461.4% | $4,226+128.8% | $2,506+285.8% |
| Participant deferral / active EE | $3,936 | $4,004-1.7% | $6,182-36.3% | $4,310-8.7% |
| Admin fee / account holder | $191 | $706-72.9% | $8,698-97.8% | $188+1.9% |