Filed April 29, 2024 (most recent of 4 filings on file)
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,036 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $1,333 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $17,510 | $81,537-78.5% | $149,718-88.3% | $69,631-74.9% |
| Participation rate | 94.4% | 86.1%+8.3pp | 87.1%+7.4pp | 70.7%+23.8pp |
| Annual return | 21.20% | 22.79%-1.6pp | 1501.63%-1480.4pp | 27571.02%-27549.8pp |
| Employer contribution / active EE | $1,369 | $3,239-57.7% | $5,445-74.9% | $2,032-32.6% |
| Participant deferral / active EE | $3,456 | $4,994-30.8% | $6,569-47.4% | $3,224+7.2% |
| Admin fee / account holder | $6 | $107-94.5% | $11,283-99.9% | $110-94.7% |