Filed August 14, 2023
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,676 |
Service code 49 · EIN 52-2114207 | Other Services | $10,364 |
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 | $89,212 | $81,537+9.4% | $149,718-40.4% | $69,631+28.1% |
| Participation rate | 95.6% | 86.1%+9.5pp | 87.1%+8.5pp | 70.7%+24.9pp |
| Annual return | 116.77% | 22.79%+94.0pp | 1501.63%-1384.9pp | 27571.02%-27454.3pp |
| Employer contribution / active EE | $1,360 | $3,239-58.0% | $5,445-75.0% | $2,032-33.1% |
| Participant deferral / active EE | $4,150 | $4,994-16.9% | $6,569-36.8% | $3,224+28.7% |
| Admin fee / account holder | $34 | $107-67.8% | $11,283-99.7% | $110-68.8% |