Filed November 6, 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 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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,206 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $50,631 | $68,413-26.0% | $123,104-58.9% | $55,191-8.3% |
| Participation rate | 72.7% | 84.5%-11.8pp | 86.8%-14.0pp | 69.2%+3.6pp |
| Annual return | 1.72% | 6.30%-4.6pp | 13.22%-11.5pp | 10.78%-9.1pp |
| Employer contribution / active EE | $515 | $3,050-83.1% | $5,151-90.0% | $1,899-72.9% |
| Participant deferral / active EE | $4,443 | $4,490-1.0% | $6,230-28.7% | $3,046+45.9% |
| Admin fee / account holder | $23 | $88-74.3% | $9,015-99.7% | $91-75.1% |