Filed July 15, 2015
Total covered: 2 employees
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,390 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $18,470 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $13,364 | $46,100-71.0% | $86,590-84.6% | $69,631-80.8% |
| Participation rate | 47.4% | 67.2%-19.8pp | 73.5%-26.1pp | 70.7%-23.3pp |
| Annual return | 15.72% | 21.02%-5.3pp | 964.84%-949.1pp | 27571.02%-27555.3pp |
| Employer contribution / active EE | $573 | $1,850-69.0% | $2,839-79.8% | $2,032-71.8% |
| Participant deferral / active EE | $638 | $2,432-73.8% | $3,609-82.3% | $3,224-80.2% |
| Admin fee / account holder | $60 | $94-35.9% | $4,906-98.8% | $110-45.6% |