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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,925 |
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 | $130,714 | $73,638+77.5% | $95,952+36.2% | $73,488+77.9% |
| Participation rate | 96.4% | 76.2%+20.2pp | 77.1%+19.3pp | 70.7%+25.7pp |
| Annual return | 14.97% | 16.78%-1.8pp | 91.61%-76.6pp | 28.51%-13.5pp |
| Employer contribution / active EE | $1,743 | $1,863-6.5% | $2,541-31.4% | $2,270-23.2% |
| Participant deferral / active EE | $4,623 | $3,617+27.8% | $4,167+10.9% | $3,740+23.6% |
| Admin fee / account holder | $441 | $482-8.4% | $6,795-93.5% | $513-14.0% |