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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,014 |
FARMER & BETTS1 year Filed as: FARMER & FIRST, P.C. CPA Service code 10 · EIN 05-0519103 | Accounting | $6,800 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $38,912 | $58,879-33.9% | $178,490-78.2% | $73,488-47.0% |
| Participation rate | 44.4% | 66.2%-21.8pp | 81.9%-37.5pp | 70.7%-26.3pp |
| Annual return | 14.70% | 24.86%-10.2pp | 151.07%-136.4pp | 28.51%-13.8pp |
| Employer contribution / active EE | $308 | $2,236-86.2% | $5,011-93.9% | $2,270-86.5% |
| Participant deferral / active EE | $1,003 | $2,567-60.9% | $5,202-80.7% | $3,740-73.2% |
| Admin fee / account holder | $381 | $400-4.8% | $13,984-97.3% | $513-25.7% |