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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,468 |
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347 | Advisory (Plan) | $11,309 |
INVESTMENT ADVISORS CORP2 years Filed as: H & H INVESTMENT ADVISORS Service code 27 · EIN 06-1461865 | Advisory (Plan) | $8,471 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 | $117,740 | $100,227+17.5% | $169,993-30.7% | $74,419+58.2% |
| Participation rate | 80.5% | 87.3%-6.8pp | 87.0%-6.5pp | 70.7%+9.8pp |
| Annual return | 25.91% | 66.08%-40.2pp | 53.37%-27.5pp | 34.38%-8.5pp |
| Employer contribution / active EE | $4,123 | $4,263-3.3% | $6,785-39.2% | $2,637+56.3% |
| Participant deferral / active EE | $5,356 | $7,143-25.0% | $10,408-48.5% | $4,528+18.3% |
| Admin fee / account holder | $175 | $234-25.4% | $12,815-98.6% | $348-49.7% |