Filed April 6, 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 | $56,867 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $43,022 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,107 | $82,978-3.5% | $130,231-38.5% | $74,419+7.6% |
| Participation rate | 58.4% | 73.7%-15.3pp | 76.3%-17.9pp | 70.7%-12.3pp |
| Annual return | 20.18% | 123.05%-102.9pp | 38.77%-18.6pp | 34.38%-14.2pp |
| Employer contribution / active EE | $3,370 | $3,391-0.6% | $4,126-18.3% | $2,637+27.8% |
| Participant deferral / active EE | $7,351 | $5,370+36.9% | $6,799+8.1% | $4,528+62.3% |
| Admin fee / account holder | $215 | $354-39.3% | $6,020-96.4% | $348-38.2% |