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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $87,575 |
MORNINGSTAR3 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 | $69,327 | $76,173-9.0% | $81,382-14.8% | $199,593-65.3% |
| Participation rate | 99.0% | 76.3%+22.8pp | 69.5%+29.5pp | 72.0%+27.0pp |
| Annual return | 13.53% | 15.59%-2.1pp | 24.73%-11.2pp | 34.25%-20.7pp |
| Employer contribution / active EE | $1,406 | $2,792-49.6% | $2,463-42.9% | $3,034-53.7% |
| Participant deferral / active EE | $4,678 | $4,201+11.3% | $3,883+20.5% | $5,087-8.0% |
| Admin fee / account holder | $55 | $146-62.2% | $5,768-99.0% | $269-79.5% |