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 | $35,226 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,908 | $66,457-35.4% | $81,382-47.3% | $77,643-44.7% |
| Participation rate | 98.7% | 68.7%+30.0pp | 69.5%+29.2pp | 70.6%+28.1pp |
| Annual return | 9.61% | 15.93%-6.3pp | 24.73%-15.1pp | 31.24%-21.6pp |
| Employer contribution / active EE | $902 | $2,159-58.2% | $2,463-63.4% | $2,726-66.9% |
| Participant deferral / active EE | $2,941 | $3,679-20.1% | $3,883-24.3% | $4,647-36.7% |
| Admin fee / account holder | $67 | $583-88.4% | $5,768-98.8% | $430-84.4% |