Filed December 13, 2022 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,107 |
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY Service code 49 · EIN 26-4310632 | Other Services | $37,356 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $24,130 | $84,784-71.5% | $98,439-75.5% | $74,419-67.6% |
| Participation rate | 91.2% | 81.5%+9.7pp | 75.2%+16.0pp | 70.7%+20.5pp |
| Annual return | -15.81% | 20.59%-36.4pp | 21.16%-37.0pp | 34.38%-50.2pp |
| Employer contribution / active EE | $1,861 | $3,364-44.7% | $3,048-38.9% | $2,637-29.4% |
| Participant deferral / active EE | $4,042 | $5,218-22.5% | $4,738-14.7% | $4,528-10.7% |
| Admin fee / account holder | $58 | $204-71.7% | $8,948-99.4% | $348-83.4% |