Filed August 24, 2023
Total covered: 7 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 | $99,776 |
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-2923857 | Advisory (Participants) | $0 |
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $266,718 | $56,972+368.2% | $182,532+46.1% | $65,185+309.2% |
| Participation rate | 97.5% | 66.5%+31.0pp | 78.0%+19.5pp | 70.2%+27.3pp |
| Annual return | 22.37% | 27.67%-5.3pp | 148.54%-126.2pp | 29.38%-7.0pp |
| Employer contribution / active EE | $11,633 | $1,615+620.5% | $4,076+185.4% | $2,177+434.4% |
| Participant deferral / active EE | $10,029 | $3,526+184.4% | $5,524+81.5% | $3,514+185.4% |
| Admin fee / account holder | $464 | $528-12.1% | $8,592-94.6% | $847-45.2% |