Filed January 27, 2023 (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 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 | $19,626 |
Employer 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,896 | $29,369-90.1% | $77,482-96.3% | $73,409-96.1% |
| Participation rate | 74.5% | 37.9%+36.5pp | 54.2%+20.3pp | 72.2%+2.3pp |
| Annual return | 146.96% | 358.15%-211.2pp | 54.79%+92.2pp | 59.29%+87.7pp |
| Employer contribution / active EE | $53 | $406-87.0% | $986-94.7% | $2,234-97.6% |
| Participant deferral / active EE | $1,276 | $941+35.6% | $1,861-31.4% | $3,805-66.5% |
| Admin fee / account holder | $40 | $123-67.1% | $2,858-98.6% | $158-74.4% |