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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,770 |
NORTH WOODS ASSET MANAGEMENT LLC1+ years Service code 27 · EIN 47-3992551 | Advisory (Plan) | $5,369 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,714 | $46,732-70.7% | $156,549-91.2% | $55,167-75.1% |
| Participation rate | 96.0% | 65.8%+30.2pp | 84.0%+12.0pp | 69.0%+27.0pp |
| Annual return | 4.96% | 17.72%-12.8pp | 32.23%-27.3pp | 169.23%-164.3pp |
| Employer contribution / active EE | $122 | $2,105-94.2% | $5,501-97.8% | $1,963-93.8% |
| Participant deferral / active EE | $1,262 | $2,204-42.8% | $4,871-74.1% | $3,054-58.7% |
| Admin fee / account holder | $81 | $418-80.7% | $13,027-99.4% | $504-84.0% |