Filed December 6, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $756,865 |
Filed as: ALLIANT RETIREMENT CONSUTING Service code 27 · EIN 76-0696203 | Advisory (Plan) | $115,000 |
MORNINGSTAR7+ years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $221,919 | $114,842+93.2% | $159,495+39.1% | $101,555+118.5% |
| Participation rate | 48.1% | 71.6%-23.5pp | 82.8%-34.7pp | 74.5%-26.4pp |
| Annual return | 143.57% | 22.90%+120.7pp | 263.72%-120.1pp | 21.00%+122.6pp |
| Employer contribution / active EE | $265 | $3,203-91.7% | $4,831-94.5% | $2,972-91.1% |
| Participant deferral / active EE | $5,213 | $6,336-17.7% | $7,354-29.1% | $4,874+6.9% |
| Admin fee / account holder | $110 | $80+36.5% | $10,804-99.0% | $139-21.3% |