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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,423 |
Filed as: ING FINANCIAL PARTNERS INC (IFP) Service code 27 · EIN 41-0945505 | Advisory (Plan) | $15,524 |
QUALIFIED PLANS, LLC3+ years Filed as: QUALIFIED PLAN CONSULTANTS LLC Service code 13 · EIN 20-0223513 | Contract Administrator | $6,156 |
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 | $65,344 | $63,299+3.2% | $91,001-28.2% | $62,292+4.9% |
| Participation rate | 82.7% | 73.3%+9.4pp | 75.6%+7.1pp | 69.5%+13.2pp |
| Annual return | 16.27% | 20.99%-4.7pp | 4.60%+11.7pp | 28.90%-12.6pp |
| Employer contribution / active EE | $650 | $1,807-64.0% | $2,456-73.5% | $2,042-68.2% |
| Participant deferral / active EE | $3,055 | $2,943+3.8% | $3,547-13.9% | $3,169-3.6% |
| Admin fee / account holder | $290 | $468-37.9% | $5,417-94.6% | $479-39.5% |