Filed October 22, 2019 (most recent of 2 filings on file)
Total covered: 45 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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $56,570 |
Filed as: GLOBAL RET PARTNERS LLC Service code 27 · EIN 47-1411118 | Advisory (Plan) | $25,665 |
THE RETIREMENT ADVANTAGE INC5+ years Service code 13 · EIN 39-1816008 | Contract Administrator | $22,381 |
Filed as: MARTIN ENGINEERING CO Service code 13 · EIN 35-2552359 | Contract Administrator | $7,452 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $124,059 | $73,404+69.0% | $87,100+42.4% | $67,579+83.6% |
| Participation rate | 95.7% | 80.9%+14.8pp | 76.9%+18.8pp | 71.3%+24.4pp |
| Annual return | 21.51% | 48.29%-26.8pp | 28.19%-6.7pp | 378.56%-357.0pp |
| Employer contribution / active EE | $2,825 | $2,014+40.3% | $2,521+12.1% | $2,148+31.5% |
| Participant deferral / active EE | $6,142 | $3,913+57.0% | $4,049+51.7% | $3,539+73.5% |
| Admin fee / account holder | $303 | $142+113.9% | $7,497-96.0% | $142+112.8% |