Filed March 25, 2014
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $113,124 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $60,525 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $95,206 | $88,982+7.0% | $102,438-7.1% | $77,671+22.6% |
| Participation rate | 69.0% | 80.9%-11.9pp | 76.5%-7.5pp | 70.6%-1.6pp |
| Annual return | 18.16% | 25.01%-6.8pp | 29.37%-11.2pp | 31.21%-13.0pp |
| Employer contribution / active EE | $1,573 | $2,698-41.7% | $3,024-48.0% | $2,726-42.3% |
| Participant deferral / active EE | $4,618 | $5,144-10.2% | $5,054-8.6% | $4,648-0.6% |
| Admin fee / account holder | $364 | $236+54.4% | $9,448-96.1% | $430-15.5% |