Filed September 11, 2024
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,372 |
Filed as: NORTHWESTERN MUTUAL INVESTEMNT SERV Service code 49 · EIN 52-2114207 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $32,179 | $46,761-31.2% | $106,619-69.8% | $57,658-44.2% |
| Participation rate | 28.7% | 56.9%-28.2pp | 78.0%-49.3pp | 70.2%-41.5pp |
| Annual return | 6.79% | 15.77%-9.0pp | 9.42%-2.6pp | 5.13%+1.7pp |
| Employer contribution / active EE | $403 | $1,274-68.3% | $3,947-89.8% | $1,974-79.6% |
| Participant deferral / active EE | $874 | $1,954-55.3% | $3,930-77.8% | $3,061-71.4% |
| Admin fee / account holder | $47 | $97-51.4% | $6,418-99.3% | $95-50.3% |