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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $14,144 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $22,305 | $51,620-56.8% | $90,281-75.3% | $65,185-65.8% |
| Participation rate | 97.2% | 68.6%+28.6pp | 73.3%+24.0pp | 70.2%+27.0pp |
| Annual return | 21.19% | 24.94%-3.7pp | 78.10%-56.9pp | 29.38%-8.2pp |
| Employer contribution / active EE | $3,194 | $2,235+43.0% | $2,854+11.9% | $2,177+46.8% |
| Participant deferral / active EE | $0 | $2,871-100.0% | $3,885-100.0% | $3,514-100.0% |
| Admin fee / account holder | $64 | $384-83.3% | $5,351-98.8% | $847-92.4% |