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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $36,786 |
FIRST WESTERN TRUST BANK8+ years Filed as: FIRST WESTERN TRUST Service code 27 · EIN 27-0083757 | Advisory (Plan) | $35,817 |
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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,498 | $54,350+42.6% | $82,719-6.3% | $68,494+13.1% |
| Participation rate | 90.8% | 63.9%+26.9pp | 72.6%+18.3pp | 67.9%+22.9pp |
| Annual return | -17.74% | -13.67%-4.1pp | 701.18%-718.9pp | -7.84%-9.9pp |
| Employer contribution / active EE | $3,643 | $2,218+64.2% | $3,009+21.1% | $2,596+40.3% |
| Participant deferral / active EE | $9,158 | $3,246+182.1% | $4,395+108.4% | $4,027+127.4% |
| Admin fee / account holder | $468 | $4,395-89.3% | $5,329-91.2% | $5,403-91.3% |