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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $80,179 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $10,320 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
WILSHIRE ASSOCIATES INCORPORATED6+ 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $300,838 | $62,132+384.2% | $185,823+61.9% | $73,488+309.4% |
| Participation rate | 98.3% | 67.8%+30.5pp | 78.0%+20.3pp | 70.7%+27.6pp |
| Annual return | 13.79% | 20.44%-6.6pp | 35.95%-22.2pp | 28.51%-14.7pp |
| Employer contribution / active EE | $11,615 | $1,681+590.9% | $4,087+184.2% | $2,270+411.7% |
| Participant deferral / active EE | $10,577 | $3,711+185.0% | $5,632+87.8% | $3,740+182.8% |
| Admin fee / account holder | $404 | $419-3.6% | $9,500-95.7% | $513-21.3% |