Filed February 22, 2023
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 | $8,784 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,539 | $50,637-69.3% | $86,590-82.1% | $62,292-75.1% |
| Participation rate | 97.5% | 67.9%+29.6pp | 73.5%+24.0pp | 69.5%+28.0pp |
| Annual return | 17.28% | 20.80%-3.5pp | 964.84%-947.6pp | 28.90%-11.6pp |
| Employer contribution / active EE | $2,700 | $2,075+30.1% | $2,839-4.9% | $2,042+32.2% |
| Participant deferral / active EE | $0 | $2,611-100.0% | $3,609-100.0% | $3,169-100.0% |
| Admin fee / account holder | $38 | $413-90.8% | $4,906-99.2% | $479-92.0% |