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 | $21,850 |
WORKPLACE BENEFITS, INC.1+ years Service code 49 · EIN 22-3719429 | Other Services | $0 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $59,319 | $41,854+41.7% | $73,843-19.7% | $52,331+13.4% |
| Participation rate | 60.0% | 66.2%-6.2pp | 73.4%-13.4pp | 68.1%-8.1pp |
| Annual return | -0.54% | 2.11%-2.6pp | 2267.84%-2268.4pp | 4.54%-5.1pp |
| Employer contribution / active EE | $0 | $1,920-100.0% | $2,787-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $3,172 | $2,498+27.0% | $3,583-11.5% | $3,022+5.0% |
| Admin fee / account holder | $219 | $493-55.6% | $4,880-95.5% | $592-63.1% |