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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $39,491 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $15,386 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,532 | $56,485+53.2% | $185,823-53.4% | $86,799-0.3% |
| Participation rate | 22.3% | 65.5%-43.1pp | 81.7%-59.4pp | 72.3%-49.9pp |
| Annual return | 14.96% | 118.04%-103.1pp | 122.05%-107.1pp | 97.91%-82.9pp |
| Employer contribution / active EE | $0 | $1,843-100.0% | $5,167-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $2,369 | $2,553-7.2% | $5,568-57.4% | $4,131-42.6% |
| Admin fee / account holder | $550 | $150+268.0% | $16,237-96.6% | $170+224.6% |