Filed June 11, 2021
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,790 |
Filed as: ING FINANCIAL PARTNERS INC (IFP) Service code 27 · EIN 41-0945505 | Advisory (Plan) | $13,500 |
QUALIFIED PLANS, LLC2+ years Filed as: QUALIFIED PLAN CONSULTANTS LLC Service code 13 · EIN 20-0223513 | Contract Administrator | $6,664 |
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $57,357 | $56,629+1.3% | $77,999-26.5% | $55,167+4.0% |
| Participation rate | 84.9% | 73.3%+11.6pp | 75.5%+9.4pp | 69.0%+15.9pp |
| Annual return | 7.23% | 2866.98%-2859.8pp | 425.96%-418.7pp | 169.23%-162.0pp |
| Employer contribution / active EE | $611 | $1,723-64.5% | $2,470-75.2% | $1,963-68.8% |
| Participant deferral / active EE | $2,859 | $2,777+3.0% | $3,497-18.2% | $3,054-6.4% |
| Admin fee / account holder | $259 | $467-44.5% | $5,480-95.3% | $504-48.6% |