Filed January 22, 2021 (most recent of 4 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 6-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 | $76,224 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $75,288 | $100,801-25.3% | $149,696-49.7% | $73,409+2.6% |
| Participation rate | 93.6% | 77.7%+15.9pp | 82.5%+11.2pp | 72.2%+21.5pp |
| Annual return | 11.33% | 265.34%-254.0pp | 276.60%-265.3pp | 59.29%-48.0pp |
| Employer contribution / active EE | $1,304 | $3,312-60.6% | $4,644-71.9% | $2,234-41.6% |
| Participant deferral / active EE | $4,358 | $6,404-32.0% | $6,842-36.3% | $3,805+14.5% |
| Admin fee / account holder | $114 | $181-37.1% | $9,309-98.8% | $158-27.9% |