Filed December 19, 2019
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 9-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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $154,239 |
Service code 49 · EIN 52-2114207 | Other Services | $77,242 |
Filed as: MORGAN STANLEY G B OPS Service code 27 · EIN 26-4310632 | Advisory (Plan) | $5,742 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $11,706 | $100,589-88.4% | $136,294-91.4% | $177,276-93.4% |
| Participation rate | 95.5% | 77.4%+18.1pp | 81.9%+13.6pp | 74.8%+20.7pp |
| Annual return | 15.30% | 39.18%-23.9pp | 5155.94%-5140.6pp | 21.25%-6.0pp |
| Employer contribution / active EE | $772 | $3,259-76.3% | $4,695-83.6% | $2,479-68.8% |
| Participant deferral / active EE | $2,479 | $5,830-57.5% | $6,247-60.3% | $3,881-36.1% |
| Admin fee / account holder | $23 | $55-58.1% | $9,243-99.8% | $154-85.1% |