Filed August 24, 2020
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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $168,386 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,393 | $53,136+13.7% | $155,509-61.2% | $199,593-69.7% |
| Participation rate | 97.7% | 64.1%+33.7pp | 78.2%+19.6pp | 72.0%+25.8pp |
| Annual return | 11.28% | 41.15%-29.9pp | 64.67%-53.4pp | 34.25%-23.0pp |
| Employer contribution / active EE | $1,678 | $1,851-9.4% | $4,672-64.1% | $3,034-44.7% |
| Participant deferral / active EE | $5,253 | $3,161+66.2% | $5,626-6.6% | $5,087+3.3% |
| Admin fee / account holder | $91 | $185-51.1% | $15,912-99.4% | $269-66.3% |