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 |
|---|---|---|
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $51,900 |
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,722 |
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 | $155,273 | $65,322+137.7% | $70,449+120.4% | $73,488+111.3% |
| Participation rate | 94.8% | 77.0%+17.9pp | 75.1%+19.8pp | 70.7%+24.1pp |
| Annual return | 13.55% | 15.71%-2.2pp | 109.03%-95.5pp | 28.51%-15.0pp |
| Employer contribution / active EE | $3,599 | $2,460+46.3% | $2,737+31.5% | $2,270+58.5% |
| Participant deferral / active EE | $8,494 | $3,375+151.7% | $3,709+129.0% | $3,740+127.1% |
| Admin fee / account holder | $538 | $214+151.5% | $3,845-86.0% | $513+4.9% |