Filed December 9, 2019
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $20,991 |
AON CONSULTING2+ years Filed as: AON CONSULTING OF NEW JERSEY Service code 49 · EIN 22-2232264 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,161 | $23,385-13.8% | $69,182-70.9% | $57,658-65.0% |
| Participation rate | 40.7% | 37.9%+2.8pp | 55.1%-14.4pp | 70.2%-29.5pp |
| Annual return | 28.00% | -659.34%+687.3pp | -21.93%+49.9pp | 5.13%+22.9pp |
| Employer contribution / active EE | $294 | $422-30.5% | $1,206-75.7% | $1,974-85.1% |
| Participant deferral / active EE | $990 | $843+17.4% | $1,897-47.8% | $3,061-67.7% |
| Admin fee / account holder | $105 | $82+28.5% | $2,697-96.1% | $95+11.6% |