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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,482 |
FIRST WESTERN TRUST BANK4+ years Filed as: FIRST WESTERN TRUST Service code 27 · EIN 27-0083757 | Advisory (Plan) | $26,687 |
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 | $51,827 | $44,873+15.5% | $79,464-34.8% | $56,287-7.9% |
| Participation rate | 87.8% | 68.7%+19.1pp | 73.3%+14.5pp | 69.9%+18.0pp |
| Annual return | -6.22% | 0.81%-7.0pp | 718.14%-724.4pp | -9.96%+3.7pp |
| Employer contribution / active EE | $2,545 | $2,140+18.9% | $2,800-9.1% | $2,111+20.6% |
| Participant deferral / active EE | $4,904 | $2,746+78.6% | $3,704+32.4% | $3,350+46.4% |
| Admin fee / account holder | $305 | $418-27.2% | $5,113-94.0% | $521-41.5% |