Filed October 11, 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 7-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 | $21,855 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $17,635 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $24,498 | $29,546-17.1% | $56,441-56.6% | $77,671-68.5% |
| Participation rate | 49.6% | 32.7%+17.0pp | 52.5%-2.9pp | 70.6%-20.9pp |
| Annual return | 19.09% | 19.01%+0.1pp | 1704.21%-1685.1pp | 31.21%-12.1pp |
| Employer contribution / active EE | $577 | $568+1.6% | $1,039-44.4% | $2,726-78.8% |
| Participant deferral / active EE | $2,058 | $1,061+94.0% | $1,953+5.4% | $4,648-55.7% |
| Admin fee / account holder | $122 | $1,046-88.3% | $2,829-95.7% | $430-71.6% |