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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $38,198 |
Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849 | Advisory (Plan) | $19,941 |
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 | $85,811 | $59,186+45.0% | $76,768+11.8% | $56,287+52.5% |
| Participation rate | 96.5% | 75.2%+21.3pp | 77.0%+19.5pp | 69.9%+26.6pp |
| Annual return | -6.16% | 6.62%-12.8pp | 2.43%-8.6pp | -9.96%+3.8pp |
| Employer contribution / active EE | $1,502 | $1,759-14.6% | $2,485-39.5% | $2,111-28.8% |
| Participant deferral / active EE | $4,061 | $3,255+24.8% | $3,852+5.4% | $3,350+21.2% |
| Admin fee / account holder | $380 | $489-22.2% | $6,675-94.3% | $521-27.0% |