Filed February 25, 2022
Total covered: 250 employees
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 42-0124290 | Contract Administrator | $6,834 |
USI CONSULTING GROUP1 year Service code 12 · EIN 06-1053228 | Claims processing; Recordkeeping fees... | $1,384 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,121 | $36,916-75.3% | $156,549-94.2% | $57,658-84.2% |
| Participation rate | 88.9% | 63.4%+25.5pp | 84.0%+4.9pp | 70.2%+18.7pp |
| Annual return | 6.41% | 12.38%-6.0pp | 32.23%-25.8pp | 5.13%+1.3pp |
| Employer contribution / active EE | $167 | $1,571-89.4% | $5,501-97.0% | $1,974-91.5% |
| Participant deferral / active EE | $747 | $1,926-61.2% | $4,871-84.7% | $3,061-75.6% |
| Admin fee / account holder | $23 | $82-71.9% | $13,027-99.8% | $95-75.4% |