Filed May 31, 2019
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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.
See the 10-year trajectory with Solo.
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,336 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $20,612 | $47,977-57.0% | $154,107-86.6% | $56,287-63.4% |
| Participation rate | 53.3% | 66.2%-12.8pp | 83.0%-29.7pp | 69.9%-16.5pp |
| Annual return | 8.28% | 3.54%+4.7pp | 735.12%-726.8pp | -9.96%+18.2pp |
| Employer contribution / active EE | $497 | $2,169-77.1% | $5,298-90.6% | $2,111-76.5% |
| Participant deferral / active EE | $1,182 | $2,392-50.6% | $5,081-76.7% | $3,350-64.7% |
| Admin fee / account holder | $111 | $438-74.6% | $13,411-99.2% | $521-78.7% |