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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $70,403 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $52,455 |
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 | $87,896 | $89,588-1.9% | $136,007-35.4% | $77,643+13.2% |
| Participation rate | 62.8% | 74.3%-11.5pp | 76.5%-13.7pp | 70.6%-7.8pp |
| Annual return | 14.80% | 17.42%-2.6pp | 579.32%-564.5pp | 31.24%-16.4pp |
| Employer contribution / active EE | $3,297 | $3,491-5.6% | $4,217-21.8% | $2,726+20.9% |
| Participant deferral / active EE | $7,484 | $5,591+33.8% | $7,025+6.5% | $4,647+61.0% |
| Admin fee / account holder | $243 | $539-54.9% | $6,858-96.5% | $430-43.5% |