Filed May 19, 2017 (most recent of 2 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 |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $45,941 |
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $27,459 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $85,998 | $66,528+29.3% | $86,874-1.0% | $86,799-0.9% |
| Participation rate | 51.0% | 72.4%-21.4pp | 71.6%-20.7pp | 72.3%-21.3pp |
| Annual return | 13.67% | 19.56%-5.9pp | 63.52%-49.9pp | 97.91%-84.2pp |
| Employer contribution / active EE | $1,277 | $2,007-36.4% | $2,495-48.8% | $2,405-46.9% |
| Participant deferral / active EE | $2,373 | $3,240-26.8% | $3,699-35.9% | $4,131-42.6% |
| Admin fee / account holder | $413 | $148+178.5% | $5,828-92.9% | $170+143.3% |