Filed December 6, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $509,939 |
Filed as: ALLIANT RETIREMENT CONSULTING Service code 22 · EIN 76-0696203 | Insurance Broker | $115,000 |
MORNINGSTAR3 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 | $227,338 | $120,321+88.9% | $147,117+54.5% | $99,313+128.9% |
| Participation rate | 63.5% | 73.4%-9.9pp | 82.2%-18.7pp | 71.7%-8.2pp |
| Annual return | 13.67% | 28.95%-15.3pp | 420.54%-406.9pp | 17.67%-4.0pp |
| Employer contribution / active EE | $4,320 | $4,158+3.9% | $4,932-12.4% | $3,264+32.3% |
| Participant deferral / active EE | $9,772 | $8,044+21.5% | $8,065+21.2% | $5,346+82.8% |
| Admin fee / account holder | $83 | $150-45.1% | $12,993-99.4% | $109-24.3% |