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 | $15,266 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $11,973 |
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 | $46,715 | $60,323-22.6% | $81,812-42.9% | $74,495-37.3% |
| Participation rate | 94.6% | 62.9%+31.7pp | 72.3%+22.2pp | 67.2%+27.4pp |
| Annual return | 17.82% | 16.90%+0.9pp | 773.79%-756.0pp | 1364.94%-1347.1pp |
| Employer contribution / active EE | $2,364 | $2,620-9.8% | $2,912-18.8% | $2,623-9.9% |
| Participant deferral / active EE | $3,797 | $3,387+12.1% | $4,319-12.1% | $4,346-12.6% |
| Admin fee / account holder | $103 | $1,486-93.1% | $7,386-98.6% | $1,942-94.7% |