Filed December 31, 2019
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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,083 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $28,631 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $138,746 | $60,795+128.2% | $69,455+99.8% | $65,185+112.9% |
| Participation rate | 88.6% | 74.9%+13.7pp | 74.6%+14.0pp | 70.2%+18.4pp |
| Annual return | 17.98% | 17.46%+0.5pp | 28.97%-11.0pp | 29.38%-11.4pp |
| Employer contribution / active EE | $3,447 | $2,452+40.6% | $2,779+24.0% | $2,177+58.4% |
| Participant deferral / active EE | $7,919 | $3,162+150.4% | $3,535+124.0% | $3,514+125.4% |
| Admin fee / account holder | $353 | $314+12.5% | $3,839-90.8% | $847-58.3% |