Filed July 18, 2006 (most recent of 2 filings on file)
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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,158 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 · EIN 48-1305000 | Advisory (Plan) | $16,142 |
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 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 | $46,566 | $55,449-16.0% | $83,848-44.5% | $56,287-17.3% |
| Participation rate | 90.2% | 68.0%+22.2pp | 76.1%+14.1pp | 69.9%+20.3pp |
| Annual return | -7.03% | -1.38%-5.6pp | 850.88%-857.9pp | -9.96%+2.9pp |
| Employer contribution / active EE | $388 | $2,430-84.0% | $3,631-89.3% | $2,111-81.6% |
| Participant deferral / active EE | $3,453 | $2,935+17.6% | $4,082-15.4% | $3,350+3.1% |
| Admin fee / account holder | $351 | $656-46.6% | $5,478-93.6% | $521-32.7% |