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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,383 |
Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849 | Advisory (Plan) | $25,000 |
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 | $115,157 | $65,376+76.1% | $87,100+32.2% | $65,185+76.7% |
| Participation rate | 96.2% | 75.3%+20.8pp | 76.9%+19.3pp | 70.2%+26.0pp |
| Annual return | 22.09% | 31.27%-9.2pp | 28.19%-6.1pp | 29.38%-7.3pp |
| Employer contribution / active EE | $1,749 | $1,822-4.0% | $2,521-30.6% | $2,177-19.6% |
| Participant deferral / active EE | $4,810 | $3,388+41.9% | $4,049+18.8% | $3,514+36.9% |
| Admin fee / account holder | $468 | $520-10.0% | $7,497-93.8% | $847-44.8% |