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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $40,541 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $43,881 | $61,272-28.4% | $149,673-70.7% | $71,457-38.6% |
| Participation rate | 67.5% | 62.5%+5.0pp | 78.8%-11.3pp | 67.9%-0.4pp |
| Annual return | 17.96% | 35.85%-17.9pp | 134.42%-116.5pp | 28.85%-10.9pp |
| Employer contribution / active EE | $2,693 | $2,378+13.2% | $4,818-44.1% | $2,588+4.1% |
| Participant deferral / active EE | $3,535 | $2,917+21.2% | $5,680-37.8% | $4,289-17.6% |
| Admin fee / account holder | $270 | $1,261-78.6% | $13,210-98.0% | $1,587-83.0% |