Filed September 27, 2024 (most recent of 3 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 |
|---|---|---|
Filed as: CMFG LIFE INSURANCE CO Service code 15 · EIN 39-0230590 | Recordkeeping | $60,319 |
Filed as: PRINCIPAL LIFE SINSURANCE CO Service code 13 · EIN 42-0127290 | Contract Administrator | $12,927 |
Filed as: COMPENSATION SYSTEMS INC Service code 13 · EIN 35-1277460 | Contract Administrator | $0 |
Participant contribution per participant 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 | $65,850 | $130,194-49.4% | $169,993-61.3% | $71,457-7.8% |
| Participation rate | 100.0% | 86.1%+13.9pp | 87.0%+13.0pp | 67.9%+32.1pp |
| Annual return | 21.94% | 20.37%+1.6pp | 53.37%-31.4pp | 28.85%-6.9pp |
| Employer contribution / active EE | $4,802 | $4,381+9.6% | $6,785-29.2% | $2,588+85.6% |
| Participant deferral / active EE | $3,386 | $6,923-51.1% | $10,408-67.5% | $4,289-21.1% |
| Admin fee / account holder | $276 | $966-71.4% | $12,815-97.8% | $1,587-82.6% |