Filed August 27, 2021 (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 |
|---|---|---|
FAITH FINANCIAL ADVISORS, INC.2+ years Service code 27 · EIN 46-2912694 | Advisory (Plan) | $15,000 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 62-1868111 | Contract Administrator | $470 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $53,024 | $50,106+5.8% | $70,014-24.3% | $57,658-8.0% |
| Participation rate | 52.4% | 70.9%-18.4pp | 71.8%-19.4pp | 70.2%-17.8pp |
| Annual return | 3.66% | 14.58%-10.9pp | 12.99%-9.3pp | 5.13%-1.5pp |
| Employer contribution / active EE | $1,385 | $1,739-20.4% | $2,338-40.8% | $1,974-29.8% |
| Participant deferral / active EE | $1,849 | $2,486-25.6% | $2,931-36.9% | $3,061-39.6% |
| Admin fee / account holder | $102 | $89+14.8% | $4,380-97.7% | $95+8.3% |