Filed March 10, 2021 (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 7-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 | $29,395 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $11,248 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $81,059 | $52,293+55.0% | $178,490-54.6% | $73,409+10.4% |
| Participation rate | 19.6% | 65.3%-45.7pp | 81.9%-62.3pp | 72.2%-52.5pp |
| Annual return | 15.74% | 34.75%-19.0pp | 151.07%-135.3pp | 59.29%-43.6pp |
| Employer contribution / active EE | $0 | $1,735-100.0% | $5,011-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $2,165 | $2,332-7.2% | $5,202-58.4% | $3,805-43.1% |
| Admin fee / account holder | $482 | $127+278.8% | $13,984-96.5% | $158+205.6% |