Filed March 18, 2022
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: PRINCIPAL LIFE INSURANCE COMPNAY Service code 13 · EIN 42-0127290 | Contract Administrator | $20,329 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $9,116 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,867 | $51,197-37.8% | $82,719-61.5% | $66,914-52.4% |
| Participation rate | 84.3% | 67.8%+16.5pp | 72.6%+11.8pp | 69.8%+14.5pp |
| Annual return | -18.99% | -9.64%-9.4pp | 701.18%-720.2pp | 1.58%-20.6pp |
| Employer contribution / active EE | $1,611 | $2,611-38.3% | $3,009-46.5% | $2,544-36.7% |
| Participant deferral / active EE | $2,750 | $3,458-20.5% | $4,395-37.4% | $4,237-35.1% |
| Admin fee / account holder | $147 | $416-64.5% | $5,329-97.2% | $593-75.2% |