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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,835 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,744 | $32,425-70.0% | $74,583-86.9% | $55,167-82.3% |
| Participation rate | 11.3% | 54.0%-42.7pp | 68.1%-56.8pp | 69.0%-57.6pp |
| Annual return | 31.33% | 10.63%+20.7pp | 20.47%+10.9pp | 169.23%-137.9pp |
| Employer contribution / active EE | $161 | $1,043-84.6% | $2,525-93.6% | $1,963-91.8% |
| Participant deferral / active EE | $279 | $1,995-86.0% | $3,458-91.9% | $3,054-90.9% |
| Admin fee / account holder | $102 | $748-86.4% | $4,138-97.5% | $504-79.8% |