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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $216,941 |
Service code 27 · EIN 47-5476782 | Advisory (Plan) | $60,761 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $17,894 | $98,780-81.9% | $60,874-70.6% | $77,904-77.0% |
| Participation rate | 38.8% | 76.7%-37.9pp | 73.1%-34.3pp | 73.7%-34.9pp |
| Annual return | -12.26% | -11.56%-0.7pp | 16.90%-29.2pp | 12.21%-24.5pp |
| Employer contribution / active EE | $1,080 | $3,605-70.0% | $2,701-60.0% | $2,848-62.1% |
| Participant deferral / active EE | $1,668 | $4,200-60.3% | $3,817-56.3% | $4,806-65.3% |
| Admin fee / account holder | $149 | $89+68.5% | $3,224-95.4% | $133+12.7% |