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 | $14,031 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $1,932 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,285 | $68,408-79.1% | $57,179-75.0% | $57,658-75.2% |
| Participation rate | 26.9% | 79.1%-52.3pp | 75.3%-48.5pp | 70.2%-43.4pp |
| Annual return | 7.29% | 8.51%-1.2pp | 14.59%-7.3pp | 5.13%+2.2pp |
| Employer contribution / active EE | $440 | $2,869-84.7% | $2,682-83.6% | $1,974-77.7% |
| Participant deferral / active EE | $1,228 | $2,903-57.7% | $3,096-60.3% | $3,061-59.9% |
| Admin fee / account holder | $51 | $70-26.4% | $3,139-98.4% | $95-45.8% |