Filed March 17, 2016
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $70,409 |
Filed as: M HOLDINGS SECURITIES Service code 27 · EIN 91-1802259 | Advisory (Plan) | $38,967 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,666 | $58,290+26.4% | $98,442-25.2% | $86,799-15.1% |
| Participation rate | 96.8% | 68.3%+28.4pp | 73.3%+23.4pp | 72.3%+24.5pp |
| Annual return | 16.51% | 43.48%-27.0pp | 1492.73%-1476.2pp | 97.91%-81.4pp |
| Employer contribution / active EE | $13 | $2,008-99.3% | $2,960-99.5% | $2,405-99.4% |
| Participant deferral / active EE | $3,991 | $3,152+26.6% | $4,276-6.7% | $4,131-3.4% |
| Admin fee / account holder | $302 | $138+119.4% | $5,949-94.9% | $170+78.2% |