Filed December 2, 2022 (most recent of 2 filings on file)
Total covered: 12 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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,630 |
FIRST WESTERN TRUST BANK1 year Service code 27 · EIN 27-0083757 | Advisory (Plan) | $27,916 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $42,743 | $43,423-1.6% | $78,689-45.7% | $55,167-22.5% |
| Participation rate | 91.6% | 68.0%+23.6pp | 73.6%+18.0pp | 69.0%+22.6pp |
| Annual return | 6.80% | 11.53%-4.7pp | 62.18%-55.4pp | 169.23%-162.4pp |
| Employer contribution / active EE | $2,502 | $1,997+25.3% | $2,851-12.2% | $1,963+27.5% |
| Participant deferral / active EE | $4,696 | $2,509+87.2% | $3,517+33.5% | $3,054+53.7% |
| Admin fee / account holder | $321 | $416-22.8% | $4,510-92.9% | $504-36.2% |