Filed May 11, 2020
See peer percentile detail with Solo.
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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $225,294 |
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS Service code 49 · EIN 34-1542819 | Other Services | $112,597 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $104,295 | $65,118+60.2% | $76,768+35.9% | $55,725+87.2% |
| Participation rate | 92.6% | 79.6%+13.0pp | 77.0%+15.7pp | 70.9%+21.8pp |
| Annual return | -5.78% | -1.27%-4.5pp | 2.43%-8.2pp | 244.93%-250.7pp |
| Employer contribution / active EE | $2,335 | $1,941+20.3% | $2,485-6.0% | $2,078+12.4% |
| Participant deferral / active EE | $6,874 | $3,688+86.4% | $3,852+78.5% | $3,356+104.8% |
| Admin fee / account holder | $371 | $116+220.3% | $6,675-94.4% | $115+222.2% |