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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $14,645 |
NORTH WOODS ASSET MANAGEMENT LLC2+ years Service code 27 · EIN 47-3992551 | Advisory (Plan) | $5,758 |
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 opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,976 | $55,453-73.0% | $170,442-91.2% | $62,292-76.0% |
| Participation rate | 94.3% | 66.4%+27.9pp | 83.6%+10.7pp | 69.5%+24.8pp |
| Annual return | 16.99% | 21.38%-4.4pp | 205.93%-188.9pp | 28.90%-11.9pp |
| Employer contribution / active EE | $134 | $2,164-93.8% | $5,433-97.5% | $2,042-93.4% |
| Participant deferral / active EE | $1,384 | $2,303-39.9% | $4,939-72.0% | $3,169-56.3% |
| Admin fee / account holder | $86 | $455-81.1% | $13,880-99.4% | $479-82.0% |