Filed April 28, 2022
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 3-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 | $14,845 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,292 | $65,061-39.6% | $143,757-72.7% | $66,914-41.3% |
| Participation rate | 66.7% | 65.2%+1.5pp | 80.3%-13.6pp | 69.8%-3.1pp |
| Annual return | 0.00% | -11.14%+11.1pp | -0.04%0pp | 1.58%-1.6pp |
| Employer contribution / active EE | $1,324 | $2,361-43.9% | $4,951-73.3% | $2,544-48.0% |
| Participant deferral / active EE | $1,756 | $2,919-39.8% | $5,637-68.8% | $4,237-58.5% |
| Admin fee / account holder | $118 | $502-76.5% | $14,673-99.2% | $593-80.1% |