Filed November 16, 2021 (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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $586,372 |
COMERICA BANK2 years Filed as: COMERICA SECURITIES CO FINANCIAL OP Service code 16 · EIN 38-2621207 | Consulting | $77,708 |
Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 33 · EIN 04-3532603 | Account maintenance fees; Direct paym... | $16,072 |
BDO USA, LLP3 years Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $5,250 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $126,122 | $78,852+59.9% | $76,768+64.3% | $75,289+67.5% |
| Participation rate | 98.9% | 85.0%+13.9pp | 77.0%+21.9pp | 72.4%+26.5pp |
| Annual return | -6.12% | -1.29%-4.8pp | 2.43%-8.6pp | -0.04%-6.1pp |
| Employer contribution / active EE | $4,214 | $2,794+50.8% | $2,485+69.6% | $2,405+75.2% |
| Participant deferral / active EE | $7,743 | $4,800+61.3% | $3,852+101.0% | $3,739+107.1% |
| Admin fee / account holder | $166 | $79+110.8% | $6,675-97.5% | $102+62.7% |