Filed January 20, 2017
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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $265,656 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $84,398 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,204 | $100,227-12.0% | $169,993-48.1% | $74,419+18.5% |
| Participation rate | 60.9% | 87.3%-26.4pp | 87.0%-26.1pp | 70.7%-9.8pp |
| Annual return | 12.24% | 66.08%-53.8pp | 53.37%-41.1pp | 34.38%-22.1pp |
| Employer contribution / active EE | $1,659 | $4,263-61.1% | $6,785-75.5% | $2,637-37.1% |
| Participant deferral / active EE | $13,965 | $7,143+95.5% | $10,408+34.2% | $4,528+208.4% |
| Admin fee / account holder | $318 | $234+35.7% | $12,815-97.5% | $348-8.5% |