Filed October 9, 2024
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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $97,024 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,515 | $73,034-11.7% | $77,163-16.4% | $80,160-19.5% |
| Participation rate | 98.9% | 78.1%+20.8pp | 69.6%+29.3pp | 72.9%+26.0pp |
| Annual return | 17.36% | 18.56%-1.2pp | 37.87%-20.5pp | 40.38%-23.0pp |
| Employer contribution / active EE | $1,297 | $2,779-53.3% | $2,535-48.8% | $2,978-56.5% |
| Participant deferral / active EE | $4,416 | $4,140+6.7% | $3,833+15.2% | $5,017-12.0% |
| Admin fee / account holder | $62 | $104-40.5% | $5,472-98.9% | $145-57.4% |