Filed March 15, 2018
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 | $40,752 |
Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849 | Advisory (Plan) | $20,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $75,722 | $60,165+25.9% | $74,183+2.1% | $55,167+37.3% |
| Participation rate | 97.8% | 74.2%+23.7pp | 76.6%+21.2pp | 69.0%+28.9pp |
| Annual return | 8.25% | 10.00%-1.7pp | 17.74%-9.5pp | 169.23%-161.0pp |
| Employer contribution / active EE | $1,408 | $1,600-12.0% | $2,370-40.6% | $1,963-28.3% |
| Participant deferral / active EE | $3,696 | $2,973+24.4% | $3,550+4.1% | $3,054+21.0% |
| Admin fee / account holder | $400 | $419-4.7% | $5,586-92.8% | $504-20.7% |