Filed December 6, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $603,801 |
Filed as: ALLIANT RETIREMENT CONSULTING Service code 22 · EIN 76-0696203 | Insurance Broker | $115,000 |
MORNINGSTAR2 years 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 | $203,264 | $121,599+67.2% | $135,998+49.5% | $103,657+96.1% |
| Participation rate | 63.5% | 76.2%-12.7pp | 81.9%-18.4pp | 73.4%-9.9pp |
| Annual return | 16.73% | 26.09%-9.4pp | 68.37%-51.6pp | 33.13%-16.4pp |
| Employer contribution / active EE | $3,964 | $4,627-14.3% | $4,860-18.4% | $3,216+23.3% |
| Participant deferral / active EE | $9,098 | $7,782+16.9% | $7,761+17.2% | $5,218+74.4% |
| Admin fee / account holder | $94 | $76+24.2% | $10,769-99.1% | $114-17.6% |