Filed May 11, 2020
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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $186,871 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 49 · EIN 34-1542819 | Other Services | $89,904 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $99,525 | $72,770+36.8% | $67,652+47.1% | $55,191+80.3% |
| Participation rate | 94.4% | 78.8%+15.6pp | 75.7%+18.7pp | 69.2%+25.2pp |
| Annual return | 0.60% | -3.26%+3.9pp | 6625.04%-6624.4pp | 10.78%-10.2pp |
| Employer contribution / active EE | $2,300 | $1,769+30.0% | $2,266+1.5% | $1,899+21.1% |
| Participant deferral / active EE | $6,608 | $3,408+93.9% | $3,560+85.6% | $3,046+116.9% |
| Admin fee / account holder | $377 | $79+378.0% | $4,821-92.2% | $91+315.0% |