Filed June 5, 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 9-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 | $43,652 |
NOTE ADVISORS LLC1 year Service code 27 · EIN 46-5416446 | Advisory (Plan) | $25,765 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,069 | $49,915-39.8% | $154,803-80.6% | $74,304-59.5% |
| Participation rate | 86.5% | 54.0%+32.6pp | 78.1%+8.5pp | 60.3%+26.2pp |
| Annual return | 13.78% | 34.06%-20.3pp | 58.88%-45.1pp | 29.43%-15.7pp |
| Employer contribution / active EE | $27 | $1,611-98.3% | $4,305-99.4% | $2,241-98.8% |
| Participant deferral / active EE | $2,097 | $2,255-7.0% | $5,540-62.1% | $3,767-44.3% |
| Admin fee / account holder | $232 | $2,189-89.4% | $14,329-98.4% | $2,969-92.2% |