Filed October 2, 2018 (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 8-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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $83,742 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 16 · EIN 93-0987232 | Consulting | $45,579 |
BBM FINANCIAL SERVICES, INC6+ years Filed as: BBM FINANCIAL SERVICES INC Service code 13 · EIN 91-0967757 | Contract Administrator | $10,274 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $100,338 | $65,557+53.1% | $64,056+56.6% | $71,457+40.4% |
| Participation rate | 95.6% | 73.2%+22.5pp | 72.3%+23.3pp | 67.9%+27.7pp |
| Annual return | 12.09% | 18.94%-6.9pp | 33.69%-21.6pp | 28.85%-16.8pp |
| Employer contribution / active EE | $7,223 | $2,669+170.6% | $2,747+163.0% | $2,588+179.1% |
| Participant deferral / active EE | $8,362 | $3,626+130.6% | $3,880+115.5% | $4,289+95.0% |
| Admin fee / account holder | $352 | $616-42.9% | $3,068-88.5% | $1,587-77.8% |