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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $36,047 |
FIRST WESTERN TRUST BANK5+ years Filed as: FIRST WESTERN TRUST Service code 27 · EIN 27-0083757 | Advisory (Plan) | $29,491 |
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 | $66,675 | $51,620+29.2% | $90,281-26.1% | $65,185+2.3% |
| Participation rate | 98.5% | 68.6%+29.9pp | 73.3%+25.2pp | 70.2%+28.3pp |
| Annual return | 24.06% | 24.94%-0.9pp | 78.10%-54.0pp | 29.38%-5.3pp |
| Employer contribution / active EE | $3,211 | $2,235+43.7% | $2,854+12.5% | $2,177+47.5% |
| Participant deferral / active EE | $6,442 | $2,871+124.4% | $3,885+65.8% | $3,514+83.3% |
| Admin fee / account holder | $358 | $384-6.8% | $5,351-93.3% | $847-57.7% |