Filed December 6, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $597,993 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $177,451 | $93,773+89.2% | $125,401+41.5% | $78,104+127.2% |
| Participation rate | 49.5% | 75.6%-26.0pp | 82.4%-32.8pp | 74.5%-25.0pp |
| Annual return | -14.38% | 277.78%-292.2pp | 572.53%-586.9pp | 10.90%-25.3pp |
| Employer contribution / active EE | $1,868 | $3,678-49.2% | $4,816-61.2% | $3,128-40.3% |
| Participant deferral / active EE | $5,424 | $6,971-22.2% | $7,448-27.2% | $5,089+6.6% |
| Admin fee / account holder | $88 | $67+30.9% | $10,008-99.1% | $79+11.0% |